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Morocco Loan Deal Probed
The World Bank approved $1.15 billion in loans for Morocco during the fiscal year ending in June 2026. These included a $400 million climate and risk management loan, equivalent to €349.1 million. Bank documents show that Morocco had already arranged $407 million in disaster protection financing, while preparation of climate projects remained at zero in the September report. The loan allows for disbursements linked to expanding protection and preparing projects in energy, water and sustainable transport. Interest begins to accrue on each disbursement from the date it is drawn, while an annual commitment fee of 0.25% applies to the undisbursed balance from June 12, 2030. This means the case for drawing on the loan depends on the additional protection or projects it delivers relative to its cost.
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