Morocco - Irrigated Areas Agricultural Services Project

Z.AJ -"bfT - Document of The World Bank FOR OFRCI1 USE ONLY Report No. P-6088-MOR MEMORANDUM AND RECOPMENDATION OF THE PRESIDENT OF THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT TO THE EXECUTIVE DIRECTORS ON A rROPOSED LOAN IN AN AMOUNT EQUIVALENT TO US$25 MILLION TO THE KINGDOM OF MOROCCO FOR AN IRRIGATED AREAS AGRICULTURAL SERVICES PROJECT NOVEMBER 23, 1993 MICROGRAPHICS Report No: r- 6088 MOR Type: MOP This document has a restricted distribution and may be used by recipients only in the performanes of their official duties. Its contents may not otherwise be disclosed without World Bank authorization. CURRENCY EQUIVALENT Currency Unit = Moroccan Dirham (DH) US$1.00 = OH 9.0 DH.00 = US$0.111 WEIGHTS AND MEASURES The metric system is used throughout this report GLOSSARY OF ABBREVIATIONS ASIL II Agricultural Sector Investment Loan Pr6t aux investissements dans te secteur agricole CMV Development Center Centre de mise en vateur DER Department of Rural Engineering Direction du G6nie Rural IAASP 'rrigated Areas Agricultural Services Project LSI Large Scale Irrigation Grande irrigation LSII-1 First Large Scale Irrigation Improvement Project (Ln. 2656-MOR) Premier projet d'amLioration de La grande irrigation LSII-2 Second Large Scale Irrigation Improvement Project Deuxibme projet d'am6Lioration de La grande irrigation MARVA Ministry of Agriculture and Agricultural Development Minist6re de L'agriculture et de la Mise en Valeur AgricoLe ORMVA Regional Authority for Agricultural Development Office R6gional de Mise en Vateur Agricote FISCAL YEAR January 1 to December 31 FOR OFFICIAL USE ONLY KINGDOM OF MOROCCO IRRIGATED AREAS AGRICULTURAL SERVICES PROJECT LOAN AND PROJECT SUMMARY Borrower: Kingdom of Morocco Executing Agen&ies: Directorate of Education, Research and Development and the nine Regional Agricultural Development Authorities (ORMVA), under the Ministry of Agriculture and Agricultural Development. Amount: US$25 million equivalent Terms: 20 years, including 5 year of grace, at tl- Bank's standard variable interest rate. Financing Plan: US$ Million World Bank 25.0 Government 9.7 Total 34.7 Economic Rate of Return: N/A Staff Appraisal Report: No. I1947-MOR Date: November 23, 1993 Map No.: IBRD 24899 This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Rank authnrizatinn MEMORANDUM AND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT TO THE EXECUTIVE DIRECTORS ON A PROPOSED LOAN TO THE KINGDOM OF MOROCCO FOR AN IRRIGATED AREAS AGRICULTURAL SERVICES PROJECT 1. I submit for your approval the following memorandum and recommendation on a proposed loan to the Kingdom of Morocco for the equivalent of US$25 million to help finance a project for support to the agricultural services in the irrigated areas with a view to raising farm incomes, improving the efficiency of the services and promoting the farmer organizations to take an increasing share of development responsibilities. The loan would be at the Bank's standard variable interest rate, with a maturity of 20 years, including 5 years of grace. 2. Background. The project is part of the Government's strategy (which the Bank fully supports) to create a more productive and flexible agricultural sector that can respond to the opening of the Moroccan ecoromy and trade opportunities with the EC and other potential markets. The project would complement the reforms introduced, or beipg introduced, through two completed Agricultural Sector Adjustment Loans and the ongoing Agricultural Sector Investment Loan (ASIL). It would also complement the reforms and investment programs under the second Large Scale Irrigation Project (LS112), approved in March 1993, in order to increase returns to investments in irrigation infiastructure. The proposed project, which would help to fill a gap in the provision of responsive extension and research services in the irrigated and adjacent rainfed areas, incorporates important lessons learned from previous Bank-financed projects in the sector. 3. In Morocco, the nine Large Scale Irrigation (LSI) schemes are located in different agro-ecological zones with rainfall declining from the north, where there is sufficient rain for one crop a year, to the extreme south where agriculture is only possible in the oases. Each of the nine LSI schemes is managed by an Office R6gional de Mise en Valeur (ORMVA), a semi-autonomous organization under the control of the Ministry of Agriculture and Agricultural Development (MAMVA) having both public utility and service functions. As a utility, each ORMVA is responsible for new construction, rehabilitation and managing the operation and maintenance of irrigation infrastructure. Service functions include the provision of crop and livestock extension services and adaptive research in the irrigated areas and in the surrounding rainfed area. The total LSI area extends to 485,000 hectares with 158,000 farms; the ORMVAs' territory also includes a ftrther 1.7 million hectares of unirrigated land with another 330,000 farms. Of the latter, about 450,000 hectares (with some 90,000 farms) are located in the favorable rainfall zone. The high potential soils of the LSI area produce cereals, meat and milk together with a range of cash crops including sugar beet, sugarcane, citrus, cotton and vegetables. The major share of agriculture exports, which contribute 30% of total exports, originates from the LSI schemes. 4. The LSI schemes are producing well below potential with average crop yields and cropping intensity still low and use of water relatively inefficient. To increase agricultural productivity and improve efficiency. the ORMVAs have been implementing, since 1987, a reform program under the Bank-financed Large Scale Irrigation Improvement Project (Ln. 2656-MOR) which, in addition to rehabilitating infrastructure, has supported major reforms in the ORMVAs' mode of operation moving them from a control, directive authority to a public utility and service orientated organization. Under this project, the ORMVAs initiated an agricultural extension service, liberalized crop rotations, converted field staff from purveyors of inputs to extension agents, and activated an adaptive research program. -2- Modification of regulations on crop rotations has given farmers the option to plant alternative rotations, while responsibility for contracting farmers to grow sugar and cotton has been shifted from the ORMVA to the processors. Although each ORMVA initiated these steps, field extension activities have been limited and the research program has been held up by lack of funding. The Agricultural Research and Extension Project (Ln. 3036-MOR), although covering primarily the rainfed areas, includes financing for testing extension approaches in 19 pilot Ex'asion Centers (CMV) in six ORMVAs (out of a total of 156 CMVs in the nine ORMVAs). The LSII2 continues the process initiated under the first project of network rehabilitation, improved water-use efficiency and strengthening of the ORMVA's public utility function. However, to improve implementation, and focus greater attention on raising agriculture productivity, the extension and research effort in the ORMVAs' areas has been delegated to the proposed project directed at agricultural services. 5. The decision to separate the agricultural componeiss of the proposed project from hardware and management in LSII2 followed experience under LSH'. The reasons for this decision are as follows: (i) the two projects will be working with different parts of the ORMVA organization and require different treatment - LSH2 will assist the ORMVAs' construction and irrigation management divisions covering their operations as utilities managing the supply of water and cost recovery, while the proposed agricultural services project will assist the ORMVAs' agricultural divisions dispensing advice and research funded by the government budget; (ii) experience under LSIII has convinced both the Bank and Government that each ORMVA has to be supervised separately and that coordination of the nine ORMVAs and seven MAMVA departments is beyond the capacity of the LSI unit in the Rural Engineering Department (DER); (iii) the importance of the project, which will provide the catalytic investment required to raise the return on the heavy sunk costs in irrigation, justifies the additional resources and focus. 6. Relationship to Bank Country Assistance Strategy. The proposed project fits well within the Country Assistance Stategy for Morocco discussed at the Board on November 23, 1993 (see Report No. P-6114-MOR). This strategy stresses the need to improve public sector management, foster private sector development, enhance environmental and water resource management, alleviate poverty and increase the outward orientation of the economy, in addition to consolidating macroeconomic adjustment and reform. The proposed project in improving the organization and efficiency of the ORMVAs' agricultural services would contribute to the sustained improvements in public management while benefitting both productivity and soil and water management. Private sector development would be directly served by the development of farmers' organizations. The project would also reduce poverty by raising the income of small farms and benefit women directly because of the important role they play on farms in the irrigated areas (particularly on the smaller farms and in livestock management). 7. Project Obiectives. The main project objectives would be to: (a) raise agricultural production and farmers' incomes - with special efforts to reach women; (b) improve the organization and operating efficiency of the ORMVAs' agricultural services; (c) promote commodity and service orientated farmers' organizations to take an increasing share of development responsibilities; and (d) involve the university teaching/research staff in field extension and research. The proposed project would be implemented in parallel with LSII2 and would tackle the agricultural development in the irrigated and adjacent rainfed areas. A total of about 200,000 farms would be covered. The project is planned as the first phase of a ten year program with an over-arching goal to decentralize services and empower farmers. -3- 8. Project DescriZpion. The proposed project would implement the following five components: (a) technology transfer to farmers in the LSI area and adjacent rainfed areas, with the strengthening of adaptive research, agrik ultural extension, womens' programs, staff and farmer training; (b) supportine services including soils and plant analysis, pest and disease warning system, and testing/demonstration of small equipment; (c) promotion of farmer organizations; (d) monitoring and evaluation of agricultural development; and (e) studieg. The project would fund additional buildings, vehicles and equipment, technical assistance and operating costs. Important features of the project would include: (i) farmer and commercial sector participation in the diagnosis of needs and priority setting for research and extension; (ii) improved planning and implementation of services with an agreed allocation of tasks between the public and private sectors; and (iii) the more effective use of mass communication for extension, inciuding use of regional radio. 9. Project Implementation. The project would be implemented by MAMVA through the ORMVAs and coordinated by a project steering committee comprising representatives from the ORMVAs and seven MAMVA directorates. Interministerial coordination would be provided by a natione' committee set up under the first Large Scale Irrigation Improvement Project. 10. Project Sustainability. The proposed project complements the actions under LSII2 (infrastructure maintenance, water conservation, environment protection and budget savings) to enhance the sustainability of the LSI subsector. The central objective of the proposed project - raising agricultural productivity and farmers' incomes - addresses the key aspect of system sustainability: farmers' capacity to pay increased water charges for operation and maintenance and capital. The project would also serve environmental concerns by promoting more efficient use of fer.ilizer and crop protection chemicals thereby reducing potential groundwater pollution. Furthermore, the project would actively promote the transfer of responsibility for services to farmers' organizations ultimately reducing government's budgetary costs. 11. Lessons from Previous Bank Involvement. The main lessons learned in support of irrigation development over 28 years as well as from more recent experience in the support for agricultural research and extension services under the Agricultural Research and Extension Project, are the need for a better organization of services, for a more participatory approach in formulating programs, for raising farm incomes, for recognizing budgetary restrictions in implementation and for project simplification. The proposed project has taken into account these lessons. First, the reorganization of agricultural services in the ORMVA (so as to make best use of the scarce human resources available in the field) would be carried out prior to further investments. Thus, the reorganization of four ORMVAs to be implemented during the start-up of LSII2 was a condition for negotiations of the proposed project, while activities in the five other ORMVAs would be limited to studies and training until they are also reorganized. Second, extension would not be operated as a top-down purveyor of messages to a recipient farming population; rather it would focus on identifying the real needs of farmers. A thorough diagnosis of farmers' needs would be conducted prior to planning research and extension programs. Third, to enable farmers to meet the rising cost of water and for the state to obtain a satisfactory return on the investments in LSI, field efficiencies would be increased and crops diversified in intensifying agriculture. Fourth, given budget restrictions, the continued divestiture of services towards the more responsive private sector would be pursued. Finally, as experience with LSIll showed the need for simplification, support for agricultural services would be provided under a separate project from LSII2 as is being done under the proposed project. -4- t2. Rationale for Bank Involvement. The initial results of LSIII's support for agricultural development are encouraging but further assistance will be needed to train and equip existing staff to provide services capable of responding to farmers' needs, while encouraging the growth of farmer organized and private sector services. The proposed project would build on experience developed under LSII as well as from the pilot extension centers financed by the Agricultural Research and Extension Project. It would complement the latter project, which is focussed primarily on the rainfed area and on the strengthening of the agricultural research institute "upstream" of the adaptive research carried out by the ORMVAs. The Bank with its long-standing involvement in the agricultural sector in Morocco (including eight projects in the irrigation sub-sector) and its on-going support for research and extension throughout the Maghreb, is well placed to provide the necessary technical guidance. 13. Agtion Agrd. Assurances were obtained during negotiations that prior to effectiveness: (i) contracts would be signed for carrying out organizational studies in the Haouz, Moulouya, Ouarzazate, Souss-Massa and Tafilalet, the three-year adaptive research program would be finalized and the project unit in MAMVA would be established. Other assurances obtained during negotiations include: (i) the ORMVAs would set up an improved diagnosis, planning, implementation and monitoring system for the extension services which would include diagnostic studies to be carried by year two and regularly updated thereafter, and the preparation of annual programs by September 30 each year; (ii) a three-year research program would be finalized by effectiveness and updated annually by September 30; (iii) task forces to manage the farmer organizations component would be set up by December 31, 1994; (iv) consultants would be recruited by September 30, 1994 to evaluate the pilot program with the Chambers of Agriculture and draw up proposals for future cooperation; (v) proposals for the funding of the Chambers f Agriculture would be submitted to the Bank by December 31, 1994; (vi) a program for the take-over by the Land Reform Cooperatives of ORMVA funded staff would be prepared by June 30, 1995 and completed by the end of the project; (vii) a study on the introduction of user fees for certain services would be completed by December 31, 1995; and (viii) a Mid-Term Review of the project would be carried out by December 31, 1996, at which time these actions would be assessed and the program for the remainder of the project redefined. 14. Environmental Aspects. Overall, the impact on the environment would be positive. The beneficial effects of more efficient use of water resources, improved rotations and better cultivation methods would outweigh the deleterious effects of any intensification of agriculture. Also, the project would promote the more efficient use of fertilizer by extending soil testing facilities, by improving soil management and the optimum use of crop protection chemicals. The project has been given a B classification. 15. Project Benefits. The project would be expected to have a substantial impact on agricultural productin in the irrigated and adjacent rainfed areas complementing the efforts to be made under LS112 to better manage the use of water resources. Beneficiaries would include the many small farmers (over 60% of farmers have less than 2 ha) on the irrigation schemes and the women who make up an important part of the work force. Farms on the 800,000 ha of Small and Medium Scale Irrigation schemes would also benefit from the research work; the majority of these are small farmers. 16. Risks. The main risks relate to the difficulty in changing nine diversely located semi-autonomous organizations, to the possibility of farmers' slow adoption of some new technology and to the Government's capacity to assure continuity of funding. First, the agricultural services of the ORMVA have, until recently, been responsible primarily for implementing government policy in respect of sugar and cotton crops and many of them are unaccustomed and poorly trained to take on their new, advisory -5- role. The project provides for the considerable training required to lift the technical level (practical as well as theoretical) of staff competence, while technical assistance is included to help develop the new approaches to working with, rather than in parallel to the private sector. Second, structural problems in land tenure or lack of markets may limit the uptake of new technology and improvement in farm incomes. The project will be complemented by actions (such as work on the collective land problem in the Gharb, the strengthening of security of tenure, etc.) to be supported by other planned projects, namely: the ASIL2 on land measures and the Agro-Industry project expected to follow the recent sector work. Finally, the ORMVA are dependent upon the government budget for maintaining their agricultural services. Irregular annual provisions and delays in their release each year could lead to difficulties in maintaining services. Howevar, the funding of agricultural services in the irrigated areas now forms part of the eight year National Irrigation Plan (1993-2000) to which the Government gives high priority. 17. Recommendation. I am satisfied that the proposed loan would comply with the Articles of Agreement of the Bank and recommend that the Executive Directors approve it. Lewis T. Preston President Attachments Washington D.C. -6- Schedule A Page 1 of I KINGDOM OF MOROCCO IRRIGATED AREAS AGRICULTURAL SERVICES PROJECT Estimated Costs and Financing Plan Local Foreign Total - ---- ---- (US$ million) Constructions & civil works 0.7 0.4 1.1 Vehicles & equipment 3.1 4.4 7.5 Training, technical 5.4 4.4 9.8 assistance & studies Incremental operating costs 9.0 2.3 11.3 Total Base Costs 18.2 11.5 29.7 Physical Contingencies 0.4 0.6 1.0 Price Contingencies 3.0 1.0 4.0 Total Project Costs a/21.6 13.1 34.7 a/ Including US$4.4 million of taxes and duties Local Foreign Total ----- US$ million World Bank 11.9 13.1 25.0 Government 5.3 5.3 Net Project Costs 17.2 13.1 30.3 Taxes and Duties 4.4 4.4 Total Project Costs 21.6 13.1 34.7 -7- Schedule B Page 1 of 2 Summary of Proposed Procurement Arrangements (US$ million equivalent) Project Procurement Method Element ICB LCB Other Total Cost 1. Works 1.4 1.1 Buildings (1.2) 1l.2) 2. Goods 2.1 Vehicles 2.7 2.7 (2.2) (2.2) 2.2 Agric.Equip. 1.3 2.1 3.4 (1.0) (1.7) a / (27) 2.3 Other Equip. 1.7 0.7 0.7 3.1 (1.4) (0.5) (0.6) (2.5) 3. Consultants 3.1 Training 2.9 2.9 (2.6) (2.6) 3.2 Tech. Assistance 5.2 5.2 (5.0) (5.0) 3.3 Studies 2.6 2.6 (2.5) (2.5) 4. Other b/ 4.1 Incre.Oper.Costs 13.4 13.4 (6.3) (6.3) TOTAL 5.7 4.2 24.8 34.7 (4.6) (3.4) (170) (25.0) Note: Figures in parentheses are the respective amounts financed by the Bank loan. Works and Goods should be procured in accordance with World Bank Guidelines: Procuremen under IBRD and IDA Credits (Washington May 1992) and Services should be procured in accordance with World Bank Guidelines: Use of Consultants by World Bank Borrowers and by World Bank as Executing Agency (Washington, D.C., August 1981) #tlocal shopping; h/materials, vehicle fuel and repairs, field trial inputs, services for demonstrations and travel allowances for which procurement is carried out efficiently under Loan No 3036-MOR. -8- Schedule B Page 2 of 2 Disbursement Categories Category Amount Percentage of Expenditure to of Loan be l4nanced Allocated (US$ million) Civil Works 1.10 86% Equipment/Vehicles (a) Part A 6.40 )100% of foreign expenditures (b) Part B 0.14 )and 65% of local expenditures )for items procured locally Training, Technical Assistance & Studies (a) Part A 8.40 )100% (b) Part B 0.90 ) Incremental 5.60 80% 1994 & 1995, 50% 1996 Operating Costs & 1997, and 25% thereafter Unallocated 2.46 TOTAL 25.00 Disbursement Schedule (US$ million) IBRD FIscal Year 1994 1995 1996 1997 1998 1999 2000 2001 A,anual 1.5 1.8 4.6 6.0 5.8 3.2 1.5 0.6 Cumulative 3.3 7.9 13.9 19.7 22.9 24.4 25.0 -9- Schedule C Page 1 of I KINGDOM OF MOROCCO IRRIGATED A7EAS AGRICULTURAL SERVICES PROJECT Timetable of Key Procesine Events (a) Time Taken to Prepare Project 18 months (b) Prepared by Government, FAO/CP and Bank (c) First Bank Mission October 1991 (d) Appraisal Mission Departure February 1993 (e) Negotiations November 8-12, 1994 (f) Planned Date of Effectiveness January 1994 (g) List of Relevant PCRs and PPARs World Bank Experience with Irrigation Development - Socio-Economic, Institutional and Technical Impact Lessons - Volume m, Morocco (Report No. 7876) - Operations Evaluation Departmen , June 15, 1989 - to - Schedule 0 (page 1 of 2) The Status of Sank Group Operations in Morocco Statement of Bank Loans and IDA Credits (As of September 30, 1993) USS Million Amount Loan or Fiscal (less cancellations) Credit No. Year Borrower Purpose Bank IDA Undisbt !d Seventy-two loans and five credits fully disbursed 3,733.29 45.16 Of which SALs, SECALs, and Program Loans /a 2377 1984 Kingdom of Morocco Industrial Trade Policy ( 150.40 2590 1985 Kingdom of Morocco Agriculture Sector I 100.00 2604 1986 Kingdom of Morocco Industrial Trade Policy A 200.00 2664 1986 Kingdom of Morocco Education Sector 1 150.00 3001 1989 Kingdom of Morocco SAL 1 200.00 2820 1987 Kingdom of Morocco PERL 1 239.56 2885 1988 Kingdom of Morocco Agriculture Sector I 225.00 3463 1992 Kingdom of Morocco SAL II 275.00 Sub- total 1539.96 Disbursing Loans 2572 1985 Kingdom of Morocco Health Development 28.40 4.88 2657 1986 Port Authority Port Project 22.00 1.03 2779 1987 Kingdom of Morocco Vocational Training II 22.30 1.75 2798 1987 ONPT Teleconunications I 116.00 22.64 280:5 1987 8NDE Industrial Export Finance 69.00 3.24 2825 1987 Kingdom of Morocco National Water Supply 60.00 34.90 2826 1987 Kingdom of Morocco Greater Casablanca Sewera 60.00 36.85 2910 1988 Kingdom of Morocco Power Distribution 90.00 63.45 2954 1988 Kingdom of Morocco Small & Medium Irrigation 23.00 15.57 3026 1989 Kingdom of Morocco qural Primary Education 83.00 41.22 3036 1989 Kingdom of Morocco Agriculture Extension & R 28.00 18.50 3048 1989 Kingdom of Morocco Public Administration Loa 23.00 13.35 3088 1989 CNCA National Agriculture Cred 190.00 0.27 3121/22 1990 CIH Housing Finance 80.50 2.66 3136 1990 Kingdom of Morocco Industrial Finance 170.00 10.96 3156 1990 Kingdom of Morocco Forestry II * 49.00 41.63 3168 1990 Kingdom of Morocco Highway Sector 79.00 27.83 3171 1990 Kingdom of Moroc 'o Health Sector 104.00 86.39 3262 1991 Kingdom of Morocco Rural Electrification it 114.00 114.00 :283 1991 Kingdom of Morocco Port Sector 33.00 26.34 3284 1991 ODEP Port Sector 99.00 79.41 3295 1991 Kingdom of Morocco Rural Basic Education Dev 145.00 142.50 * 3365 1991 Kingdom of Morocco Financial Sector Developm 235.00 60.47 3403 1992 Kingdom of Morocco Agriculture Sector Invest 50.00 6.85 3557 1993 Kingdom of Morocco Telecommunications 100.00 100.00 3587 1993 Kingdom of Morocco Second Large Scale Irriga 215.00 215.00 3618/21 1993 Kingdom of Morocco Land Development 130.00 130.00 3616/17 1993 Kingd3m of Morocco Municipal Finance I Ic 104.00 104.00 3647 1994 Kingdom of Morocco Environment Tech. Assista 6.00 6.00 ICTAL 6,261.49 45.16 1,411.69 Of which has been repaid (only amortization) 1,657.45 8.74 Total held by Bank and IDA 4,604.04 36.42 Amount sold 20.11 of which repsid 20.11 Total Undisbursed 1,411.69 * SAL, SECAL or Program Loan /a Approved after FY80 /b Not yet signed /c Not yet effective N:\MNIDR\MOR-MOP - 11 - Schedule D (page 2 of 2) Statement of IFC Investments in Morocco (As of August 31, 1993) Original Gross Comnitment Fiscal (US$ Million) Year Obligator Type of Business Loan Equity Total * 1962 Sanque Nationate pour Development Finance 42.51 2.68 45.19 1978 le Dev. Econ. (BNDE) 1983 1985 1980 Societe Miniere du Bou- Mines 12.99 2.38 15.37 Gaffer (SOMIFZR) 1982 Cimenterie Nouvelle Cement Production 29.30 2.10 31.40 1983 de Casablanca (CINOUCA) 1992 1985 Fruitiere Marocaine Agroindustry 4.97 - 4.97 de Transformation (FRUMAT) 1987 Credit Imobitier et Tourism 66.13 - 66.13 HoteLier (CIN) 1987 Settat Filature Textile Factory 3.28 1.61 4.89 (SETAFIL) 1989 Compagnie Maritime Ferry Service 4.30 - 4.30 Maroco-Norvegienne (COMARIT) 1991 Cerame Afrique Ceramics 3.47 1.70 5.17 Industries (CAI) 1992 CIMASFI Cement 15.69 - 15.69 1992 Banque Comerciale de Banking 12.00 - 12.00 Maroc (BCM) 1992 Banque Marocaine Banking 12.00 - 12.00 du Comerce Exterieur (BMCE) 1992 Credit du Maroc (COM) Banking 8.00 - 8.00 1992 Wafabank Banking 8.00 - 8.00 1993 International de Capital Markets 4.1 4.10 Financement et de Participation (INTERFINA) Total gross commitments 222.64 14.57 237.21 Less cancellations, terminations, repayments, sales and exchange adjustments 48.97 4.06 53.03 Total comitments held by IFC 173.67 10.51 184.18 of which undisbursed 5.14 1.96 7.10 * IFC net. Does not include participants from comercial banks MAP SECTION 1BRD 2489 oy Poad. ad Ba fO AER n h d rl s n -0tIsmp d. mo ämw4 an tho poe se af Th Word Bank np f d&GAHOCEMA MOULOUYA aoofanas.O 40 eniotyorCHAOUEN w,chbownd ORMVA LOUKKOS K OuononeOUIDA TAOUNATE TAZA- RAENTTRE EKNES ~aAMALAN IFRA, EL-JADID B-rbcid ORMVA A DOUKKALAS O_. z-T (E K KHOURIIGA h4-r.cl. ORMVA SAFI - EN1-ELLAL ERRACHADAA TAFILALETt.5 OVA OR- ARE T°'°-8°"" OUAR 2A T EIOER MTOUSS-MA IRRIGATED AREAS AGRICULTURAL TI1NITSERVICES PROJECT -----RAILROADS --MAIN ROADS --ORMVA LIMITS (OFFICE REGIONAL DE MISE EN VALEURAGRlOL.Eý AIRPORT$ 0 ~REGIONAL OFFICE FOR AGRICULTURAL DEVELOPMENT I.ARGE-SCALE IRRIGATION ARAS SELECTED TOWNS AND CITrES EXITING IRRIGATED REASPOICECPTL FUTURE IRRIGATED AUEA ® NATIONAL CAPITALS - DAMS TO SE CONSTRUCTED ---- INTERNAIONPIALSUDRE TAN.AN EXISTING DAMS --INTERNATIONAL BOUNDARIES(APXMTE 400... MEAN ANNUAL RAINFALL IN MLMTR MAY 19