"Recent events have shown that technical solutions are no longer sufficient to protect the economy against climate shocks and underline the need to adopt complementary policies, such as those described in the NMD, which would allow to take into account the true value of water resources and encourage more efficient and reasoned uses," said Hentschel during the roundtable dedicated to the presentation of the Monitoring Report on the economic situation in Morocco - The economic recovery is running dry.
These reforms include pricing scarcer water resources at an appropriate level, developing efficient water allocation mechanisms, such as a tradable quota system, and producing and publishing accurate and detailed data on water resources and their use, the World Bank said in the report, which identifies resilience as a key element for Morocco's growth and economic stability.
Morocco will therefore need to accompany infrastructure development efforts with water demand management policies that encourage the sustainable, efficient and equitable use of water resources, noted the same source, which offers an analysis of the effects of droughts and water scarcity on Morocco's macroeconomic situation.