Rabat - The Japan International Cooperation Agency (JICA) announced on Wednesday that it has made the first payment of around 720 million dirhams to support the Morocco's green plan program.
Rabat – The Japan International Cooperation Agency (JICA) announced on Wednesday that it has made the first payment of around 720 million dirhams to support the Morocco’s green plan program.
The payment follows the signature of a loan agreement worth about 1.40 billion dirhams, said a JICA statement.
The agreement was signed on March 4, 2016 between economy minister Mohamed Boussaid and JICA’s resident representative hitoshi Tojima, in the presence of agriculture minister Aziz Akhannouch, representatives of the foreign ministry and AfDB resident representative Yacine Fal, the statement recalled.
The loan is meant to fund, in collaboration with AfDB, the 2nd phase of the program of support for Morocco’s green plan (PAPMV2), as part of the Accelerated Co-financing Facility for Africa (ACFA).
It is aimed at contributing to reinforce competitiveness of the agricultural sector for an inclusive and green economic growth through a more sustainable management of natural resources and also for an inclusive promotion of value chains in the field of agriculture.