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Royal Court: Morocco will spend one billion dollars to mitigate the effects of drought

The royal court added in a statement that the plan aims to manage water, help farmers, agricultural insurance, and finance operations to supply the market with wheat and livestock feed.

The statement read: “His Majesty the King has given his high order that the Hassan II Fund for Economic and Social Development contribute three billion dirhams to this program, which will cost a total financial envelope estimated at ten billion dirhams.”

This announcement comes after a meeting held by the King of Morocco, Mohammed VI, on Wednesday, with Prime Minister Aziz Akhannouch, and the Minister of Agriculture, Fisheries, Rural Development, Water and Forests, Mohamed Seddiqi..

Morocco is battling the worst drought in 30 years, while the country has recorded a 64 percent shortfall in rainfall so far this year.

According to the statement, this program is based on three main axes: the first is the protection of animal and plant stocks, and the management of water scarcity. The second targets agricultural insurance.

The third is concerned with alleviating the financial burdens on farmers and professionals, financing the operations of supplying the national market with wheat and livestock feed, in addition to financing innovative investments in the field of irrigation.

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