Financial system1 hour prior to now (Feb 16, 2022 03: 01PM ET)
© Reuters. FILE PHOTO: A dry discipline is viewed the Bouskoura village, delivery air Casablanca, Morocco February 3, 2016. REUTERS/Youssef Boudlal
RABAT (Reuters) – Morocco will employ 10 billion dirhams ($ 1.07 bln) on a national conception to mitigate the impact of drought on farmers and the financial system, the royal palace said on Wednesday.
The conception targets water management, serving to farmers and agricultural insurance protection as properly as ensuring wheat and animal feed supply, the palace said in a assertion.
Morocco is experiencing the worst drought in 30 years as the nation has registered a rainfall deficit of 64% to this level this year.
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