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Europe Daily Bulletin No. 11820

1 July 2017
Contents Publication in full By article 24 / 32
NEWS BRIEFS / Morocco
EBRD co-financing of €32 million for climate change mitigation scheme

30/06/2017 (Agence Europe)On Thursday 29 June, the European Bank for Reconstruction and Development (EBRD) granted Morocco a loan of €32 million to co-finance construction of an irrigation infrastructure project. The award comes from the Green Climate Fund (GCF). “In Morocco, extreme water shortage is exacerbated”, the Bank says in a press release,“by the effects of climate change and the unsustainable use of underground water”, leading to a drop in underground reserves and...

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