Le vendredi 26 juillet dernier, la African Development Bank (ADB) said it had offered Morocco two loans worth 120 million euros (130 million dollars) each. The objective is to finance an industrial zone in a port in northeastern Morocco and to improve economic governance in the country.

The AfDB said in a statement that the first loan aims to develop an industrial zone in the port, known as Nador West Med. It brings the ADB's contribution to development projects linked to Nador West Med to 489.8 million euros. Nador West Med is a deepwater port under construction with a planned capacity of 3.5 million containers, and is expected to host Morocco's first liquefied natural gas terminal

According to the Bank, the second loan is intended to support Morocco's plans to strengthen the governance of public enterprises, improve the business climate, protect against external shocks, and strengthen resilience to climate change.