Morocco’s finance minister said the country must adapt its economy to meet the escalating threat from climate change, with more frequent droughts requiring investment in water technologies and an acceleration of its push into growth sectors such as car manufacturing.
The kingdom’s vital grain harvest was slashed last year due to a lack of rain, just as Russia’s war in Ukraine forced the government to pay higher prices for wheat and energy and to increase subsidies. Morocco’s economy grew 1.2 per cent in 2022, according to the World Bank, down from 7.9 per cent a year earlier. The bank expects growth of 3.1 per cent in 2023.
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