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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...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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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

  • P168580

  • Closed

  • Philipp Petermann , Oscar Ishizawa Escudero, Reda Aboutajdine

  • Kingdom of Morocco

  • Morocco

  • October 9, 2018

  • (as of board presentation)

    December 11, 2019

  • March 17, 2020

  • US$ 275.00 million

  • N/A

  • Not Applicable

  • June 15, 2023

  • BANK APPROVED

  • June 14, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
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 July 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

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No data available.
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
Progress towards achievement of PDO Satisfactory 2023-05-18
Monitoring and Evaluation Satisfactory 2023-05-18
Overall Implementation Progress (IP) Satisfactory 2023-05-18
Program Management Satisfactory 2023-05-18

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 06-13-2024
OutcomesSubstantial
Risk to Development Outcome
Bank PerformanceModerately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 11-06-2024PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualityN/a