EIB to Help Morocco with Investment Plans: Funding for Strategic Priorities

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The financing for 2024 shows a 56% increase compared to 2023, while EIB committed to strengthening its support for Morocco’s strategic priorities.

The European Investment Bank (EIB) has reaffirmed its commitment to boosting Morocco’s development plans through its financing fund, including €500 million in financing for 2024. The financing for 2024 shows a 56% increase compared to 2023, while EIB committed to strengthening its support for Morocco’s strategic priorities.

This level of engagement surpassed the €10 billion investment mark to fund major projects in different Moroccan sectors, including education, water, transport, and more. Ioannis Tsakiris, Vice President of the EIB, commended the partnership between Morocco and the bank. He noted that the North African country is a strategic partner for the bank and the European Union.

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By strengthening commitment and collaborations, notably with key players like the CDG and the Mohammed VI Investment Fund, Morocco is encouraging investment in strategic infrastructure, supporting the energy transition, and fostering inclusive and sustainable development for the direct benefit of citizens, and businesses.