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Strengthening Morocco’s Financial Resilience to Climate Physical Risks

Development Objective

The Project Development Objective is to strengthen the technical, operational and financial capacity of the Government of Morocco and the FSEC to respond to severe disasters and climate shocks, and alleviate their impact on the most vulnerable part of the population.

Key Details

Project Details

  • P175523

  • Active

  • Reda Aboutajdine , John Plevin

  • Department of Treasury

  • Morocco

  • May 16, 2022

  • (as of board presentation)

    June 28, 2023

  • October 26, 2023

  • US$ 5.00 million

  • N/A

  • Moderate

  • June 30, 2026

  • Yes

  • BANK APPROVED

  • May 5, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Global Risk Financing Facility Multi-Donor Trust Fund 5.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment N/A
IBRD + IDA Commitment N/A
Lending Instrument
Grant Amount 5.00
Total Project Cost** 5.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

Download:
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$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Moderately Satisfactory 2025-05-23
Overall Implementation Progress (IP) Moderately Unsatisfactory 2025-05-23

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Implementation of a digital payment platformValueNoNoYes
    DateJanuary 2, 2023September 25, 2023June 24, 2024
    Comment
  • Monetary amount of sovereign reinsurance coverage against floods placed for FSECValue0.000.0050000000.00
    DateJanuary 2, 2023September 25, 2023January 5, 2026
    Comment
  • Implementation of an e-learning platformValueNoNoYes
    DateJanuary 2, 2023September 25, 2023December 31, 2025
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Updated flood risk modelValueNoNoYes
    DateJanuary 2, 2023September 25, 2023June 28, 2024
    Comment
  • Specification of e-learning platform needsValueNoNoYes
    DateJanuary 2, 2023September 25, 2023December 30, 2024
    Comment
  • Climate change in risk modelingValueNoNoYes
    DateJanuary 2, 2023September 25, 2023June 30, 2026
    Comment
  • Iinstitutional communication planValueNoNoYes
    DateJanuary 2, 2023September 25, 2023December 30, 2024
    Comment
  • Crisis communication planValueNoNoYes
    DateJanuary 2, 2023September 25, 2023December 30, 2024
    Comment
  • Design of flood reinsuranceValueNoNoYes
    DateJanuary 2, 2023September 25, 2023December 30, 2024
    Comment
  • Operational/technical trainingsValue0.000.005.00
    DateJanuary 2, 2023September 25, 2023June 30, 2026
    Comment