WASHINGTON, DC: The International Monetary Fund (IMF) has approved an 18-month Resilience and Sustainability Facility (RSF) for Morocco, worth approximately $1.3 billion. The arrangement aims to support Morocco’s transition to a greener economy and enhance its preparedness and resilience against natural disasters, including those caused by climate change.
The RSF arrangement will help Morocco address climate vulnerabilities, strengthen its resilience against climate change, and take advantage of opportunities arising from decarbonization. It will also assist the Moroccan authorities in improving their preparedness for natural catastrophes and promoting financing for sustainable development.
The IMF’s decision to approve the RSF arrangement coincides with the remaining 18 months of the FCL arrangement approved in April 2023. The RSF arrangement is equivalent to SDR 1 billion, which is about 112 percent of Morocco’s quota.
The IMF’s Executive Board believes that the RSF arrangement will help Morocco achieve its sustainable development goals and promote economic growth. The arrangement will also support the country’s efforts to reduce greenhouse gas emissions and mitigate the impact of climate change.
In conclusion, the IMF’s approval of the RSF arrangement for Morocco is a significant step towards achieving sustainable development and enhancing resilience against climate change. The arrangement will provide much-needed financial support to Morocco and help the country transition to a greener economy.
 has approved an 18-month Resilience and Sustainability Facility (RSF) for Morocco, worth approximately $1.3 billion. The arrangement aims to support Morocco's transition to a greener economy and enhance its preparedness and resilience against natural disasters, including those caused by climate change.){kind=link}