European investment bank to offer Morocco $1 billion euro loan

© Reuters. FILE PHOTO: People work next to damage in the city of Marrakech, following a powerful earthquake in Morocco, September 9, 2023. REUTERS/Abdelhak Balhaki/File PhotoMARRAKECH - The European Investment Bank said on Wednesday it will lend Morocco 1 billion euros over the next three years to support the north African country's reconstruction efforts after a September earthquake.

The loan was announced by EIB Vice President Ricardo Mourinho Felix after a meeting with Morocco's budget minister Fouzi Lekjaa in Marrakech on the sidelines of the IMF-World Bank annual meetings. The earthquake that struck on Sept. 8 killed nearly 3,000 people and damaged 60,000 homes, mostly in the High Atlas will also be removed; self-promotional material or business-related solicitations or PR , and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.

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