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Cooperation: signing of four financing agreements between Morocco and the ADB

11/07/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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Ce mercredi 10 juillet 2024 s' est tenu une cérémonie de signature d' accord entre le delegate to the Minister of Economy and Finance, in charge of the budget, Fouzi Lekjaa, and the country manager of the African Development Bank (BAD ) for Morocco, Achraf Tarsim

.

Four financing agreements worth a total of over 600 million euros (approximately over 6.45 billion dirhams) were signed yesterday. These agreements concern the financing of several programs and projects. This is the transformation support program for a digital, entrepreneurial and inclusive Moroccan university (120 million euros, or about 1.28 billion MAD), the program focused on results for the improvement of territorial competitiveness in Morocco (200.31 million euros, about 2.143 billion MAD), the program to support the inclusive and sustainable development of forest areas (84 million euros, or nearly 898 million dirhams) and the highway project Guercif — Nador ( €200 million, around MAD 2.14 billion). According to Fouzi Lekjaa, these financing agreements follow a participatory and integrated approach, encompassing training, the financing of projects with an industrial dimension and promising employment prospects, infrastructures and their strengthening, as well as projects related to the forest sector to

maintain environmental balances.
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