Sure, here is a more detailed paraphrasing of the text:The International Finance Corporation (IFC), a member of the World Bank Group, has provided €100 million ($108 million) in funding to Morocco's OCP Group, a producer of plant nutrition solutions and phosphate-based fertilizers, to construct a cross-country water pipeline.

According to IFC's press statement, the loan will support the construction of a 219-kilometer water pipeline and pumping station to transport desalinated water from OCP Group's existing and planned desalination plants in Jorf Lasfar on the Atlantic Ocean to the company's production operations in Khouribga, central Morocco.

The construction is already well-advanced, with the pipeline's total capacity expected to be 80 million cubic meters per year (m³/year) upon completion.

This project will provide OCP with a sustainable and reliable water source, freeing up water for use by farmers, businesses, and consumers in and around Khouribga.

The pipeline is part of OCP Group's water program, delivered by its specialized subsidiary, OCP Green Water, which aims to supply 100% non-conventional water to the group by the end of 2024.

OCP plans to produce 560 million m³/year of desalinated water and 60 million m³/year of treated wastewater by 2027 through investments totaling $611 million.

The pipeline is expected to be powered by renewable sources, improving access to sustainable water resources and increasing resilience to climate shocks by 2030.

Since 2021, IFC and OCP Group have partnered to develop sustainable food systems in Africa, build solar plants, and produce green fertilizers.

In the past three fiscal years, IFC has invested and mobilized more than $1 billion to support sustainable economic development.

This article is provided for informational purposes only and does not offer tax, legal, or investment advice or opinions regarding the suitability, value, or profitability of any particular security, portfolio, or investment strategy.

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