The European Investment Bank (EIB) has mobilized 500 million euros in support of Morocco’s reconstruction efforts in quake-hit areas in the Atlas mountains, the bank said.
The financing will help Morocco rebuild and upgrade essential infrastructure in the hardest-hit areas, including roads, schools and healthcare facilities, according to an EIB statement.
The new tranche brings the bank’s total commitment to 1 billion euros for the North African country’s recovery program.
the funds would support reconstruction efforts aligned with higher seismic-resilience and energy-efficiency standards, part of a broader push to improve long-term sustainability and resilience, it said.
The financing is backed by a European Union guarantee, allowing Morocco to access favorable lending terms.
The program is being implemented in coordination with Moroccan authorities, including the High Atlas Development Agency (ADHA), which is overseeing reconstruction efforts on the ground, it said.
In addition to financing, the EIB is also providing technical assistance to help ensure effective project implementation and strengthen institutional capacity.
Morocco has been a long-standing partner of the EIB, benefiting from financing in sectors ranging from transport and energy to water and urban development. The latest funding underscores continued EU support for the country’s reconstruction and broader economic resilience efforts.
