Morocco - Support Programme for Competitive and Resilient Development of Cereal Farming (AFDB-P-MA-AA0-023)

  • Morocco
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Sep 28, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Government of Morocco
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Agriculture and Forestry
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 193.16 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 199
Converted using 2022-09-28 exchange rate.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Nov 8, 2022

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank provided information, the proposed operation concerns a loan of EUR 199 million to the Kingdom of Morocco to finance the Support Programme for Competitive and Resilient Development of Cereal Farming (PADCRC) in the country. It is a sector budget support programme prepared under the African Emergency Food Production Facility (AEFPF) and will be implemented over the 2022/2024 period. The combined effect of the exceptional drought duringthe 2021/2022 season, the increase in international food prices, and the consequences of the Ukraine-Russia conflict have negatively impacted international supply chains. The programme, which is in response to a government request dated 13 June 2022, was appraised in June 2022. The response to the dual crisis will comprise a series of government measures, which can be grouped under two components: (i) Support for emergency supply of cereals and support for actors in the sector; (ii) Support to improve sector competitiveness, resilience, and governance.

The objective of the programme is to enhance food and nutrition security by improving the productivity and resilience of national cereal production to guarantee food security in the short term and reduce the country's dependence on cereal imports. The programme's expected outcomes are as follows: (i) improving the technical and economic performance of the sector; and (ii) building resilience by strengthening the governance of the sector, supporting the sector stakeholders, and adapting to climate change.

Investment Description
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