Africazine:
The European Investment Bank is stepping up its support for Morocco’s earthquake recovery efforts.
On Friday, the EIB formalized the second €500 million tranche of its “Morocco Post-Earthquake Reconstruction” program. This funding is part of a broader €1 billion package aimed at rebuilding areas devastated by the September 8, 2023 earthquake.
EIB Commends Morocco’s Reconstruction Progress
The EIB’s Vice-President, Ioannis Tsakiris, praised the significant strides made by Moroccan authorities in the aftermath of the Al Haouz earthquake. During a recent visit to the High Atlas region, he noted substantial progress in rebuilding efforts, including the reconstruction of schools and the rehabilitation of road infrastructure.
Tsakiris emphasized the active participation of local communities in these projects, highlighting a strong commitment to recovery efforts. He described the achievements since the earthquake as remarkable, underscoring the speed and scale of the reconstruction work.
Morocco: Key figures on earthquake reconstruction funding
- €500 million tranche of the reconstruction program
- €1 billion EIB package for rebuilding
- Funding implementation scheduled through 2030
Next Steps in the Reconstruction Program
- Continued implementation of the reconstruction program through 2030
- Ongoing assessments of progress in affected communities
- Further engagement with local stakeholders
Morocco’s commitment to rebuilding after the earthquake is evident in the swift actions taken and the support received.
