After The Earthquake Disaster, Morocco Received 1.3 Billion Funds From The IMF

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JAKARTA - The International Monetary Fund (IMF) is said to have approved the latest distribution of financing for Morocco after the earthquake that occurred some time ago.

The IMF Executive Board is known to have reached an agreement to provide facilities of US$1.3 billion. This was revealed in an official broadcast reported today.

The constructed agreement will support Morocco's transition to a greener economy and help strengthen preparedness and resilience to natural disasters, including climate change, said the IMF release Friday, September 29.

It was explained that the Executive Board of the International Monetary Fund would arrange 18 months for Morocco under the Sustainability and Sustainability Facility (RSF) in a total of 112 percent of the quota.

RSF arrangements will help Morocco overcome climate vulnerability, increase its resilience to climate change, and take advantage of decarbonization opportunities, the IMF said.

It will also help the Moroccan government strengthen preparedness for natural disasters and stimulate funding for sustainable development.

The arrangement will coincide with the remaining 18 months based on FCL arrangements approved in April 2023, the global organization added.

In previous editorial reports, the Indonesian government stated that it was ready to send aid to disaster victims in Morocco if requested by the country.

"If there is a request, we will definitely give it. Indonesia has a tradition that is always the first country to help our brothers and sisters," said Foreign Ministry spokesman Lalu Muhamad Iqbal some time ago.