Morocco to spend $1 billion to mitigate drought impact- palace By Reuters

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Morocco to spend $1 billion to mitigate drought impact- palace

Published Feb 16, 2022 02:55PM ET Updated Feb 16, 2022 03:01PM ET

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Morocco to spend $1 billion to mitigate drought impact- palace

RABAT (Reuters) - Morocco will spend 10 billion dirhams ($ 1.07 bln) on a national plan to mitigate the impact of drought on farmers and the economy, the royal palace said on Wednesday.

The plan targets water management, helping farmers and agricultural insurance as well as ensuring wheat and animal feed supply, the palace said in a statement.

Morocco is experiencing the worst drought in 30 years as the country has registered a rainfall deficit of 64% so far this year.

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