The European Investment Bank (EIB) will lend one billion euros ($1.06 billion) to Morocco over the next three years to support the North African country’s reconstruction efforts. The announcement was made on the sidelines of the Annual Meetings of the IMF and the World Bank.
The Moroccan royal cabinet announced, on September 20, a reconstruction program for the affected regions with a total amount estimated at 120 billion dirhams, or approximately $11.7 billion.
Source: Africa News Agency