Marrakech – The Asian Infrastructure Investment Bank (AIIB) will provide Morocco with a $200 million loan to strengthen the country’s climate change resilience, the Chinese Embassy in Morocco announced on Tuesday.

The financing will target priority projects focused on reinforcing environmental and water infrastructure and improving the resilience of economic sectors most exposed to climate risks. This loan is part of a co-financing program with the World Bank, which has already committed $350 million through its Results-Based Financing mechanism.

Morocco faces serious climate vulnerability, according to a World Bank report published in September 2024. Temperatures in the country have been increasing by an average of 0.2°C per decade since the 1960s, double the global average of +0.1°C, according to the Intergovernmental Panel on Climate Change (IPCC).

This accelerated warming has led to more frequent and intense extreme weather events, including heatwaves, floods, and droughts.

Alongside the ratification of the Paris Agreement on September 21, 2016, Morocco submitted its Nationally Determined Contribution (NDC) to the secretariat of the United Nations Framework Convention on Climate Change.