• Efforts since 2008 have led to a World Bank supported Integrated Disaster Risk Management and Resilience Program of $200 million structured as a Program for Result (PforR), where disbursements are linked to the achievement of specific results — the first of its kind in the World Bank for climate resilience.
• In 2016, the Parliament approved a new disaster risk insurance law in Morocco, utilizing a dual-scheme based on the introduction of a market-based disaster risk insurance and the establishment of a solidarity fund.
• Morocco has also fundamentally reformed its existing National Fund against Natural Disasters in order to reposition it as a “Resilience Fund” focused on financing disaster risk reduction and resilience investments.
In Morocco, impacts from natural hazards cost on average about $790 million every year, with floods driving the largest share of losses. Climate change is exacerbating the impact of weather-related events, with serious consequences for sustainable development in the country.
In response, the Government of Morocco has invested significantly in understanding and quantifying the country´ s exposure to natural hazards and related vulnerabilities.
In a sustained effort since 2008, the Government of Morocco, the Global Facility for Disaster Reduction and Recovery (GFDRR), the World Bank, and the Swiss Government have been working together to build a proactive and integrated disaster risk management and resilience system for Morocco. As a proof of its leadership in addressing climate change issues, this year Morocco is hosting the 22nd Conference of Parties, and will emphasize the importance of comprehensive climate change adaptation and disaster risk reduction efforts.