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.
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