Connect with us

Business and Economy

PNAEPI: WB Approves $350 Million Financing Program

Published

on

IMF/WB Annual Meetings: HoG Aziz Akhannouch Assesses Preparations

The World Bank (WB) announced, on July 24, a USD 350 million financing program for Morocco to support the Moroccan government in implementing its National Program for Drinking Water Supply and Irrigation (PNAEPI; 2020-2027).

According to the World Bank (WB), this program, which was launched in 2020, aims to improve water security by accelerating investment in the water sector and strengthening the resilience of drinking water and irrigation supplies.

The World Bank (WB) financing program will contribute to the overall activities of the national drinking water supply and irrigation program through three strategic pillars, namely strengthening water sector governance, improving financial sustainability and water use efficiency, and supporting the integration and use of non-conventional water resources.

Country Director for the Maghreb and Malta at the World Bank (WB), Jesko Hentschel, stated, on the occasion of the financing approved by the Board of Executive Directors on July 18, that “providing access to natural resources, particularly water, while preserving them, is essential for building a sustainable future in Morocco.”

“To this end, this new Program aims to reinforce water security for all in Morocco and provides support for the updating and the adoption of the National Water Plan (PNE) that defines the 30-year vision for the water sector,” explained Hentschel.

The financial institution emphasized that this program will contribute to strengthening water sector governance by protecting groundwater resources, improving the quality and availability of water-related information, supporting the performance of river basin agencies, and establishing mandatory reporting.

The program also seeks to strengthen the water sector’s resilience to climate change by establishing a financial model, adopting an action plan for financial sustainability, and implementing an awareness strategy for the national drinking water and irrigation supply program to raise awareness of the importance of water conservation and reduce water losses in distribution networks.

For his part, Lead Water Resources Management Specialist and Program co-leader at the World Bank (WB), Marcus Wishart, affirmed that the program will support “the government’s efforts to strengthen recognition of the value of water, increase transparency of costs along the water value chain and incentivize more efficient and rational uses of scarce water resources.”

In a similar context, Senior Water Supply and Sanitation Specialist and Program Leader at the World Bank (WB), Carolina Dominguez Torres, emphasized that “the program aims to save 25 million m3 of potable water in distribution water supply networks, the equivalent of the annual consumption in El Jadida and Sidi Bennour provinces.” 

Torres added that the program seeks to use “52 million m3 of treated wastewater available for reuse, which represents 52% of the PNAEPI’s target of 100 million of treated wastewater available for reuse by 2030.”

HRH Crown Prince Moulay El Hassan Chairs Graduation Ceremony of 24th Higher Defense Class, 58th General Staff Class
Princely Activities6 months ago

HRH Crown Prince Moulay El Hassan Chairs Graduation Ceremony of 24th Higher Defense Class, 58th General Staff Class

The Minister of Transport and Logistics, Mohamed Abdeljalil
Science and Environment6 months ago

Berlin: Minister Mohamed Abdeljalil Expresses Morocco’s Commitment to Fight Against Climate Change

MFA-Nasser-Bourita-takes-part-in-the-3rd-High-Level-Meeting-of-Heads-of-Counter-Terrorism-and-Security-Agencies-in-Africa
Politics6 months ago

FM Nasser Bourita Sheds Light on Royal Vision Relating to African Cooperation in Counter Terrorism

Operation Marhaba
Life and Society6 months ago

Under Effective Presidency of HM King Mohammed VI, Operation Marhaba 2024 Kicks Off in Morocco, Europe

Morocco’s Ambassador to India, Mohamed Maliki
Life and Society6 months ago

New Delhi: Morocco Named Most Vibrant Destination (TravelJingles)

FM Nasser Bourita holds talks with his Liberian counterpart Sara Beysolow Nyanti
Politics6 months ago

Liberia Reiterates Support For Morocco’s Sovereignty, Territorial Integrity

HRH Crown Prince Moulay El Hassan Chairs Final of 23rd Hassan II Trophy for Traditional Equestrian Arts Tbourida
Princely Activities6 months ago

HRH Crown Prince Moulay El Hassan Chairs Final of 23rd Hassan II Trophy for Traditional Equestrian Arts Tbourida

Rabat, Morocco
Life and Society6 months ago

Morocco Among Best Destinations for French Retirees in 2024 (Le Figaro)

GITEX Africa Morocco
Tech and Industry6 months ago

GITEX Africa Morocco: Second Edition Kicks Off in Marrakech

FM Nasser Bourita holds talks with his Chinese counterpart Wang Yi
Politics6 months ago

FM Nasser Bourita Holds Talks With Chinese Counterpart

Malawi's FM Nancy Tembo
Politics6 months ago

Morocco, Reliable Partner for Africa’s Development (Nancy Tembo)

Morocco's Minister of Higher Education, Scientific Research and Innovation, Abdellatif Miraoui, and his Gabonese counterpart, Hervé Ndoume
Life and Society6 months ago

Morocco, Gabon Sign MoU to Boost Cooperation in Higher Education

HM King Mohammed VI
Royal Activities6 months ago

HM King Mohammed VI Congratulates Azerbaijan President on National Day

National selection head coach Walid Regragui
Sports6 months ago

African World Cup Qualifiers: Morocco’s Head Coach Walid Regragui Unveils List of Summoned Players

Minister Delegate in charge of Digital Transition and Administrative Reform, Ghita Mezzour,
Tech and Industry6 months ago

Minister Ghita Mezzour Stresses Importance of Training Workforce in Emerging Technologies Field

36th Arab Inter-Parliamentary Union Congress
Politics6 months ago

Arab Inter-Parliamentary Union Commends Sustained Efforts of HM King Mohammed VI in Defense of Al-Quds

MFA Nasser Bourita receives the Minister of African Integration and Foreign Affairs of the Republic of Senegal, Yassine Fall
Politics6 months ago

Senegal FM Hails Strong Commitment of HM King Mohammed VI to Africa’s Stability, Development

MFA Nasser Bourita receives the Minister of African Integration and Foreign Affairs of the Republic of Senegal, Yassine Fall
Politics6 months ago

Moroccan Sahara: Senegal Reiterates Constant, Firm Support for Morocco’s Territorial Integrity

HM King Mohammed VI speaking before the African Union (AU)
Politics6 months ago

Spanish Daily La Razon Commends Morocco’s “Sincere Commitment” to Africa

Regional Director of the World Health Organization (WHO) for the Eastern Mediterranean, Hanan Balkhy
Life and Society6 months ago

WHO Official Commends Royal Vision Relating to Health Sovereignty

HRH Crown Prince Moulay El Hassan Chairs Graduation Ceremony of 24th Higher Defense Class, 58th General Staff Class
Princely Activities6 months ago

HRH Crown Prince Moulay El Hassan Chairs Graduation Ceremony of 24th Higher Defense Class, 58th General Staff Class

The Minister of Transport and Logistics, Mohamed Abdeljalil
Science and Environment6 months ago

Berlin: Minister Mohamed Abdeljalil Expresses Morocco’s Commitment to Fight Against Climate Change

MFA-Nasser-Bourita-takes-part-in-the-3rd-High-Level-Meeting-of-Heads-of-Counter-Terrorism-and-Security-Agencies-in-Africa
Politics6 months ago

FM Nasser Bourita Sheds Light on Royal Vision Relating to African Cooperation in Counter Terrorism

Operation Marhaba
Life and Society6 months ago

Under Effective Presidency of HM King Mohammed VI, Operation Marhaba 2024 Kicks Off in Morocco, Europe

Morocco’s Ambassador to India, Mohamed Maliki
Life and Society6 months ago

New Delhi: Morocco Named Most Vibrant Destination (TravelJingles)

FM Nasser Bourita holds talks with his Liberian counterpart Sara Beysolow Nyanti
Politics6 months ago

Liberia Reiterates Support For Morocco’s Sovereignty, Territorial Integrity

HRH Crown Prince Moulay El Hassan Chairs Final of 23rd Hassan II Trophy for Traditional Equestrian Arts Tbourida
Princely Activities6 months ago

HRH Crown Prince Moulay El Hassan Chairs Final of 23rd Hassan II Trophy for Traditional Equestrian Arts Tbourida

Rabat, Morocco
Life and Society6 months ago

Morocco Among Best Destinations for French Retirees in 2024 (Le Figaro)

GITEX Africa Morocco
Tech and Industry6 months ago

GITEX Africa Morocco: Second Edition Kicks Off in Marrakech

FM Nasser Bourita holds talks with his Chinese counterpart Wang Yi
Politics6 months ago

FM Nasser Bourita Holds Talks With Chinese Counterpart

Malawi's FM Nancy Tembo
Politics6 months ago

Morocco, Reliable Partner for Africa’s Development (Nancy Tembo)

Morocco's Minister of Higher Education, Scientific Research and Innovation, Abdellatif Miraoui, and his Gabonese counterpart, Hervé Ndoume
Life and Society6 months ago

Morocco, Gabon Sign MoU to Boost Cooperation in Higher Education

HM King Mohammed VI
Royal Activities6 months ago

HM King Mohammed VI Congratulates Azerbaijan President on National Day

National selection head coach Walid Regragui
Sports6 months ago

African World Cup Qualifiers: Morocco’s Head Coach Walid Regragui Unveils List of Summoned Players

Minister Delegate in charge of Digital Transition and Administrative Reform, Ghita Mezzour,
Tech and Industry6 months ago

Minister Ghita Mezzour Stresses Importance of Training Workforce in Emerging Technologies Field

36th Arab Inter-Parliamentary Union Congress
Politics6 months ago

Arab Inter-Parliamentary Union Commends Sustained Efforts of HM King Mohammed VI in Defense of Al-Quds

MFA Nasser Bourita receives the Minister of African Integration and Foreign Affairs of the Republic of Senegal, Yassine Fall
Politics6 months ago

Senegal FM Hails Strong Commitment of HM King Mohammed VI to Africa’s Stability, Development

MFA Nasser Bourita receives the Minister of African Integration and Foreign Affairs of the Republic of Senegal, Yassine Fall
Politics6 months ago

Moroccan Sahara: Senegal Reiterates Constant, Firm Support for Morocco’s Territorial Integrity

HM King Mohammed VI speaking before the African Union (AU)
Politics6 months ago

Spanish Daily La Razon Commends Morocco’s “Sincere Commitment” to Africa

Regional Director of the World Health Organization (WHO) for the Eastern Mediterranean, Hanan Balkhy
Life and Society6 months ago

WHO Official Commends Royal Vision Relating to Health Sovereignty

About us

Althena Media Group

Address:

Kamal Parc Center, Building A. Mohammedia. 28 810 Morocco

Phone Number: +212.710.39.99.99

Email: Contact@moroccoenglishnews.com

Advertising: Ads@moroccoenglishnews.com

Morocco English News is a leading digital news platform based in Morocco.

Morocco English News: See Morocco Differently

Updates and insights related to politics, culture, industry and technology, life and entertainment, Business and Finance.

error: Content is protected !!