Matt Dusk sings Sinatra in Halifax/PEI/Moncton | SaltWireMARRAKECH - 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 mountains.
Overall, Morocco plans to spend $12 billion on a post-earthquake reconstruction plan that includes the upgrade of infrastructure over the next five years.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: