Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Morocco
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Green Climate Fund (GCF)
Status: Active
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-10-01
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: National Agency for the Development of Oases and Argan Zones (ANDZOA)
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Agriculture and Forestry
  • Climate and Environment
Investment Type(s): Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 39.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 49.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ GCF website
Updated in EWS: 2017-08-23
Development of Argan orchards in Degraded Environment - DARED
GCF-FP022

Project Description
Supporting rural communities in the Argan Biosphere Reserve through the planting of argan orchards and the promotion of sustainable arganiculture to foster sustainable development, build resilience and support climate mitigation. The argan forest of Morocco, covering 2.5 million hectares, is recognised by UNESCO as a Biosphere Reserve with a rich biodiversity. There has been a aEœmarket boomaE? in argan oil, and its rising demand has improved household income for local communities but generated serious pressure on the natural forest, threatening its sustainability. The forest is also threatened by the impact of climate change upon its regeneration. Morocco committed within its INDC to reduce its Greenhouse Gases (GHG) emission by 32% by 2030 through mitigation activities. Morocco intends to plant 43,000 hectares of argan tree orchards and promote arganiculture as a priority activity to reduce GHG emissions. This project will strengthen the resilience of rural communities and the arganeraie biosphere reserve through planting 10,000 ha of argan tree orchards with soil conservation and rain water harvesting capabilities. Supporting argan plantations and arganiculture will also contribute to relieve the anthropic pressure on the natural forest, and improve livelihoods of the communities by moving from a model of fruit collection from natural forests towards sustainable forest co-management.
Investment Description
Contact Information
Agency for Agricultural Development of Morocco (ADA) Mr. Hamid Felloun Tel: +212 6 61 11 02 42 / +212 5 37 57 37 51 Ms. Meryem Andaloussi Tel: +212 6 61 56 57 81 / +212 5 37 57 38 13 ACCOUNTABILITY MECHANISM OF GREEN CLIMATE FUND The Independent Redress Mechanism (IRM) is the independent complaint mechanism for a person or people who have been or believe they are likely to be adversely affected by a project or programme funded by the Green Climate Fund. If you submit a complaint to the IRM, it may seek to address the issues raised by facilitating a problem-solving dialogue or, if that is not possible, conducting an independent investigation into whether the GCF has complied with its environmental and social policies. The IRM is newly created and is still in the process of developing its procedures and website. More information about the IRM and how you can file a complaint is forthcoming. You can contact the IRM at irm@gcfund.org.
Bank Documents