The World Bank Report No: ISR13646 Implementation Status & Results Morocco MA-Inclusive Green Growth DPL (P127956) Public Disclosure Copy Project Name: MA-Inclusive Green Growth DPL (P127956) Program Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 21-Apr-2014 Country: Morocco Approval FY: 2014 Product Line: IBRD/IDA Region: MIDDLE EAST AND NORTH AFRICA Lending Instrument: Development Policy Lending Implementing Agency(ies): Ministry of Economy and Finance, MEMEE, Morocco, Ministry of General Affairs and Governance (MAGG) Key Dates Board Approval Date 19-Dec-2013 Original Closing Date 31-Dec-2014 Planned Mid Term Review Date Last Archived ISR Date Effectiveness Date 20-Dec-2013 Revised Closing Date 31-Dec-2014 Actual Mid Term Review Date Program Development Objectives Program Development Objective (from Program Document) The Program Development Objectives of the programmatic DPL series are: PDO1. Improving the management of natural capital; PDO2. Greening physical capital; PDO3. Strengthening and diversifying the rural economy by leveraging human capital. Has the Program Development Objective been changed since Board Approval of the Program? Yes No Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Overall Implementation Progress (IP) Satisfactory Implementation Status Overview Public Disclosure Copy All the prior actions have been fulfilled in December 2013. The loan agreement has been signed on December 20, 2013, and effectiveness declared the same day upon reception of the Government Decree approving the loan agreement. The request for disbursement has been sent by the Ministry of Finance and the loan was disbursed on Dec 30, 2013. The macroeconomic framework is broadly adequate and the team will continue liaising closely with the IMF to monitor the evolution of the situation. A supervision mission was fielded in February 2014 to confirm Government's ownership of the reform package, and confirm triggers for DPL2. A USD 224.000 Grant from the EU Climate Change MDTF has been mobilized to support implementation. Results Results Indicators Page 1 of 3 The World Bank Report No: ISR13646 Indicator Name Core Unit of Measure Baseline Current End Target # of regional coastal zone management plans Number Value 0.00 0.00 2.00 approved Date 02-Dec-2013 21-Feb-2014 30-Dec-2016 Public Disclosure Copy Comments # of regional maritime fisheries control and Number Value 0.00 0.00 18.00 enforcementplans approved Date 02-Dec-2013 21-Feb-2014 30-Dec-2016 Comments # of aquifers (nappes) in which groundwater Number Value 1.00 1.00 3.00 abstractionis regulated by an aquifer a Date 02-Dec-2013 21-Feb-2014 30-Dec-2016 greement among ‘large’ water consumers Comments % of new buildings (hospitals, residential, Percentage Value 0.00 0.00 50.00 tertiary) builtafter the publication of the Decree Date 02-Dec-2013 21-Feb-2014 30-Dec-2016 and integrating EE requirements Comments Total capacity of distributedmedium-and low- Megawatt Value 0.00 0.00 2.00 tensiongrid-connected photovoltaic systems (in Date 02-Dec-2013 21-Feb-2014 30-Dec-2016 MW) Comments Total subsidy envelope todiesel, gasoline and Percentage Value 3.00 3.00 2.50 in dustrial fuel (in % of GDP) Date 02-Dec-2013 21-Feb-2014 30-Dec-2016 Comments #of industries having submitted a funding Number Value 0.00 0.00 3.00 request to the Voluntary Industrial Depollution Date 02-Dec-2013 21-Feb-2014 30-Dec-2016 Mechanism Comments Reduction in industrial pollution (as measured Tones/year Value 20.00 20.00 200.00 by tons ofBOD5 abated yearly) Date 02-Dec-2013 21-Feb-2014 30-Dec-2016 Comments # of products subject to green taxes Number Value 2.00 2.00 4.00 Public Disclosure Copy Date 02-Dec-2013 21-Feb-2014 30-Dec-2016 Comments Share of the envelope allocated to direct Percentage Value 0.00 0.00 16.90 seeders in the total FDA envelope allocated to Date 02-Dec-2013 21-Feb-2014 30-Dec-2016 seeders (traditional and direct) Comments Share of DMN revenues from agro- Percentage Value 4.00 4.00 15.00 meteorological services Date 02-Dec-2013 21-Feb-2014 30-Dec-2016 Comments Page 2 of 3 The World Bank Report No: ISR13646 # of aquaculture sector jobs created Number Value 115.00 115.00 460.00 (2013-2016),gender disaggregated Date 02-Dec-2013 21-Feb-2014 30-Dec-2016 Comments Public Disclosure Copy # of ecotourism sector jobs created Number Value 0.00 0.00 100.00 (2013-2016) gender disaggregated Date 02-Dec-2013 21-Feb-2014 23-Dec-2016 Comments Data on Financial Performance (as of 30-Dec-2013) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P127956 IBRD-83250 Effective 19-Dec-2013 20-Dec-2013 20-Dec-2013 31-Dec-2014 31-Dec-2014 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P127956 IBRD-83250 Effective USD 300.00 300.00 0.00 302.35 0.00 101.00 Tranches Tranche 1 Amount (USD) Expected Release Date Actual Release Date Status 0 Pending Released Key Decisions Regarding Implementation The program is progressing satisfactorily towards its development objectives, and implementation is also considered satisfactory at this stage. Public Disclosure Copy Restructuring History There has been no restructuring to date. Related Operations P149747-MA- Inclusive Green Growth DPL2 Page 3 of 3