The European Investment Bank (at) announced a record obligation of 500 million euros for the development of Morocco in 2024, which corresponds to an increase of 56 % compared to 2023. This investment brings the total number of financing in Morocco to more than 10 billion euros and aimed at projects in the areas of energy, water, transport and education.
“Morocco is a strategic partner for the EIB and the European Union. By strengthening our engagement and our cooperation, especially with important actors such as the CDG and the Mohammed VI fund for investments“Said Ioannis Tsakiris, Vice President of the BI.
In October 2024, the bank signed a first industry of 500 million euros for the reconstruction of the infrastructure affected by Al Haouz’s earthquake, supplemented by a donation of 225 million euros in the EU.
In addition, this also started with a program of 6 million euros to improve access to education in rural areas and took part in the oncf to develop a strategy for climate silence for the rail network.
In December 2024, this affirmed their partnership with more than 455 million euros in strategic projects in December 2024. For 2025, this will support the continued important infrastructure, financing of SMEs, renewable energies or the modernization of water and electricity networks.
