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The African Development Bank has approved a financing of $487 million for Morocco to support economic reforms, modernize public institutions, and strengthen public-private partnerships. The aim is to increase resilience against financial shocks and climate change, while stimulating growth and private investment. The program focuses on restructuring the public enterprises sector, improving the business environment, and supporting small and medium-sized enterprises, along with updating governance in the water and electricity sectors to address energy and climate challenges. This funding comes amidst economic upheavals caused by rising energy and transportation costs and aims to accelerate Morocco's economic transformation, create more job opportunities, and continue supporting investments and sustainable development.
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