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Document of The World Bank Report No. 15760-MOR STAFF APPRAISAL REPORT KINGDOM OF MOROCCO WATER RESOURCES MANAGEMENT PROJECT January28, 1998 Rural Development, Water and Environment Group Middle East and North Africa Regional Office KINGDOM OF MOROCCO CURRENCY EQUIVALENT (as of August 15, 1997) Currency Unit: Moroccan Dirham (MAD) US$1.00 = MAD 9.50 MAD 1.00 = US$0.105 WEIGHTS AND MEASURES I meter (m) = 1.09 yards (yd) I m2 = 10.76 square feet 1 kilometer (km) = 0.62 miles (mi) 2 I km = 0.38 square miles FISCAL YEAR July I - June 30 Vice President: Kemal Dervi