Morocco Disaster Risk Management Development Policy Loan with a Catastrophe Deferred Drawdown Option

Abstract*

The development objective of the Disaster Risk Management Development Policy Loan with a Catastrophe Deferred Drawdown Option Project for Morocco is to support the Government of Morocco (GoM) in: (a) strengthening the country’s institutional capacity to deal with the adverse financial impacts of disasters and climate-related shocks, and (b) strengthening Morocco's institutional framework for disaster and climate-related risk management. This operation... Show More

Development Objective

The development objective of the proposed operation is to support the Government of Morocco in (a) strengthening the country’s institutional capacity to deal with the adverse financial impacts of disasters and climate-related shocks, and (b) strengthening Morocco's institutional framework for disaster and climate-related risk management.

Key Details

Project Details

Project ID
P168580
Status
Closed
Team Leader
Philipp Petermann , Oscar Ishizawa Escudero, Reda Aboutajdine
Borrower 2
Kingdom of Morocco

Country
Morocco
Disclosure Date
October 9, 2018
Approval Date
(as of board presentation)
December 11, 2019
Effective Date
March 17, 2020

Total Project Cost 1
US$ 0.00 million
Implementing Agency
Ministry of Economy and Finance
Region
Middle East, North Africa, Afghanistan, and Pakistan
Fiscal Year 3
2020

Commitment Amount
US$ 275.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
June 15, 2023

Last Stage Reached
BANK APPROVED
Last Update Date
June 14, 2024

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change100%
- FY17 - Adaptation100%

FY17 - Finance

FY17 - Finance for Development67%
- FY17 - Disaster Risk Finance67%

FY17 - Human Development and Gender

FY17 - Disease Control1%
- FY17 - Pandemic Response1%
FY17 - Gender33%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management67%
- FY17 - Disaster Preparedness17%
- FY17 - Disaster Response and Recovery50%
- FY17 - Flood and Drought Risk Management17%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	275.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	275.00
IDA Commitment	N/A
IBRD + IDA Commitment	275.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	N/A

Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025

No data available.

Detailed Financial Activity as of June 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Dec 11, 2019	IBRD-90270	Loan Commitment	275,000,000.00
Oct 15, 2021	IBRD-90270	Int Charges	787,713.94
Oct 15, 2020	IBRD-90270	Int Charges	1,304,899.50
Oct 15, 2020	IBRD-90270	Int Charges	71,797.74
Apr 3, 2020	IBRD-90270	Loan Disb	271,981,760.00
Apr 3, 2020	IBRD-90270	Loan Disb	-271,981,760.00
Apr 3, 2020	IBRD-90270	Loan Disb	271,981,760.00
Mar 26, 2020	IBRD-90270	Fee Charges	1,378,982.80
Apr 15, 2021	IBRD-90270	Int Charges	868,148.50
Apr 15, 2022	IBRD-90270	Int Charges	729,266.06
Apr 15, 2023	IBRD-90270	Int Charges	4,307,668.50
Oct 15, 2022	IBRD-90270	Int Charges	897,165.94
Oct 15, 2023	IBRD-90270	Int Charges	6,112,140.50
Apr 15, 2024	IBRD-90270	Int Charges	7,052,284.50

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Program Management	Satisfactory	2023-05-18
Monitoring and Evaluation	Satisfactory	2023-05-18
Overall Implementation Progress (IP)	Satisfactory	2023-05-18
Progress towards achievement of PDO	Satisfactory	2023-05-18

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-13-2024
Outcomes	Substantial
Risk to Development Outcome
Bank Performance	Moderately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 11-06-2024	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance		N/a
Government Performance		N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality		N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Availability of an audit of the FSEC’s internal control systems confirming that the FSEC’s systems and procedures allow for the appropriate use of funds.	Value	No	No	Yes
	Date	November 12, 2019	June 15, 2023	June 15, 2023
	Comment

Number of provinces covered by an integrated flood risk management information system. Value 0.00 4.00 4.00
Date November 12, 2019 June 15, 2023 June 15, 2023
Comment
Annual revenues from the new parafiscal tax created to finance the FSEC. Value N/A MAD 255 million MAD 200 million (annual)
Date November 12, 2019 June 15, 2023 June 15, 2023
Comment
Number of Civil Protection search and rescue units applying operational and staffing procedures in line with INSARAG standards Value 1.00 1.00 12.00
Date November 12, 2019 June 15, 2023 June 15, 2023
Comment

Share of local officials of the Ministry of Interior responsible for the administration of the register trained on the registrationprocedures.	Value	0.00	7.40	90.00
	Date	November 12, 2019	June 15, 2023	June 15, 2023
	Comment

Percentage increase in the number of female staff members in the Civil Protection Value N/A 11% 5%
Date November 12, 2019 June 15, 2023 June 15, 2023
Comment
The Government has deployed an online platform for the registration of people affected by a catastrophic event. Value N/A Yes Yes
Date November 12, 2019 June 15, 2023 June 15, 2023
Comment

The Government has developed a specific outreach and communication mechanism to inform the population of the registration procedures for people affected by a catastrophic event, with a focus on women.	Value	N/A	Yes	Yes
	Date	November 12, 2019	June 15, 2023	June 15, 2023
	Comment

Insurance companies comply with the prudential requirements established by the circular. Value No Yes Yes
Date November 12, 2019 June 15, 2023 June 15, 2023
Comment

Annual revenues from the new parafiscal tax created to finance the FSEC.	Value	N/A	MAD 255 million	MAD 200 million (annual)
	Date	November 12, 2019	June 15, 2023	June 15, 2023
	Comment

Number of Civil Protection search and rescue units applying operational and staffing procedures in line with INSARAG standards	Value	1.00	1.00	12.00
	Date	November 12, 2019	June 15, 2023	June 15, 2023
	Comment