Morocco World News·3 min read·medium
AfDB, FEC Sign €150 Million Loan to Support Local Infrastructure in Morocco
O
Oumaima Moho Amer
✦AI Summary
The African Development Bank and Morocco's Municipal Equipment Fund have signed a €150 million loan agreement to support local infrastructure projects. The funding aims to improve public services, including water networks and rural roads, while fostering climate resilience.
<span style="font-weight: 400;">Rabat – The African Development Bank Group (AfDB) and Morocco's Municipal Equipment Fund (FEC) signed a second €150 million (MAD 1.6 billion) loan agreement in Rabat on Wednesday to support investment by local authorities across the country.</span>
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