Drought severely depresses agricultural output in Morocco
What happened
Prolonged drought has severely depressed agricultural output in Morocco. Reports indicate that while advancing sustainable agriculture projects can raise land prices, certain water projects like terracing and expanding clean drinking water access can reduce soil erosion and increase water infiltration.
From kenyastar.com
Why it matters
The agricultural decline in Morocco raises concerns about economic stability. The need for water management and agricultural support might increase demand for financial assistance from institutions such as the European Investment Bank and African Development Bank.
From kenyastar.com
Who's involved
- MoroccoSovereign state in North Africa
- Fatima Ezzahra El MansouriHead of Government and Prime Minister of Morocco
- Abdellatif OuahbiMinister of Justice in Morocco
- Bank Al-MaghribCentral bank of Morocco
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- European Investment BankSpeculative
European Investment Bank could see increased demand for recovery loans and financial assistance.
- African Development BankSpeculative
African Development Bank may face increased demand for strategic financial support and loans.