OPEC Fund Grants Morocco $150M for New Dam to Boost Water Security
The OPEC Fund for International Development has agreed to extend Morocco $150 million to help finance a major new dam designed to improve water security and climate resilience by reducing flood risks and supporting sustainable agriculture.
The OPEC Fund for International Development has approved $150 million in financing for Morocco to help fund a new dam aimed at improving water security and climate resilience. The project is intended to reduce flood risks and support sustainable agriculture. The loan is part of a broader $645 million package approved by the Fund for infrastructure projects.
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