The Board of Directors of the World Bank approved a financing of 250 million dollars intended to support the Moroccan agricultural strategy “Green Generation”.
The “Green Generation (2020-2030)” agricultural strategy, which succeeds the Green Morocco plan (2008-2019), aims to make agricultural activities more profitable and to promote climate-smart practices in the service of sustainable agriculture.
“By abandoning the sole criterion of production in favor of an approach encompassing the strengthening of human capital, the development of livelihoods and the deployment of climate-friendly rural value chains, this strategy will radically change the way Morocco is considering its agricultural development,” says Jesko Hentschel, World Bank’s director of operations for the Maghreb. “At the same time, the program supports the country’s economic response to the Covid-19 crisis.”
The World Bank specifies, in a press release, that with practically 38% of the total workforce, agriculture is the first sector providing employment in Morocco. However, rural areas concentrate 79.4% of the country’s poor.
To attract young people to agriculture, the World Bank’s program to support the “Generation Green” strategy will finance business creation and training programs for rural people, especially women.
It will also work to attract private investment in the agri-food sector by removing regulatory and financial barriers to job creation.
“Rural youth are an untapped resource for agricultural development. Creating market opportunities is essential to support the development of a modern agrifood sector capable of bringing jobs and prosperity to rural areas. The program will promote a culture of entrepreneurship and equip rural youth with the tools and knowledge essential to introduce more sustainable and modern practices and technologies and, in so doing, build a climate-proof agri-food sector”, underlines David Treguer, senior agroeconomist and coproject team leader.
On the other hand, to mitigate the deleterious impact of climate change on already fragile water resources and agricultural land, Morocco will rely more on digital transformation.
“The switch to digital technologies will encourage the abandonment of resource-intensive agricultural practices in favor of precision agriculture, thus helping to meet both the requirements of a competitive market and the challenges of adaptation to climate change”, says Maria Claudia Pachon, senior digital development specialist and project team leader.
In addition, this funding is allocated under a joint operation with the French Development Agency (AFD).