First Independent Mena Newspaper
A new assessment by the Policy Center for The New South put the material damage of Sept 8 earthquake at 3 billion dirhams ($300 million), accounting for nearly 0.2% of Morocco’s GDP. The quake which hit vast swathes in the High Atlas mountains killed 3000 people and damaged 59,674 buildings, of which 32% were destroyed […]
A parametric insurance pool, facilitated by reinsurance broker Gallagher Re, paid out $275 million to Morocco’s Solidarity Fund against Catastrophic Events (FSEC), responding to the 7-magnitude earthquake that rattled Al-Haouz region on September 8, 2023, Middle East Insurance Review reported earlier this month. The insurance broker confirmed last year that it was in touch with […]
The European Bank for Reconstruction and Development (EBRD) announced Wednesday a €250 million funding for Morocco to help the country to rebuild its economy in the regions of the Atlas Mountains that were hit by the recent earthquake. The Bank says the financial assistance is an initial response package spanning over three years (2023-2025). The […]
Morocco and Spain have agreed to mobilize €11.6 million from the Debt Conversion Program to finance reconstruction and rehabilitation projects in the areas hardest hit by the earthquake that struck Al Haouz province on September 8. The announcement of this amount was made during a meeting between Spain’s First Vice-President and Minister of Economy and […]
The European Investment Bank plans to lend Morocco 1 billion euros over the next three years in support of a reconstruction plan following the earthquake that struck on September 8. The loan is completely aligned with Morocco’s ambitious national recovery program according to the priorities of the national authorities, the EIB said in a statement. […]
Morocco is on course to break its tourist arrivals record with 11.5 million people visiting the country up to September this year, a figure that exceeds total arrivals in 2022, the tourism ministry said. “Timing couldn’t be more perfect to announce record September arrivals than during the Annual Meetings of the World Bank and IMF […]
The Moroccan King, government and people set an example of national solidarity following the devastating earthquake that killed 3000 in the Atlas Mountains. Few hours after the earthquake struck on Sept 8, the King gave his instructions to authorities to speed up rescue and relief and ensure the quake-stricken population had proper shelter. He then […]
The Secretary-General of the United Nations, António Guterres, commended the exemplary spirit of solidarity that prevailed in Morocco, under the leadership of King Mohammed VI, to support the earthquake victims that struck several regions of the Kingdom. This came in a message read out on his behalf by the High Representative of the UN Alliance […]
On the high instructions of King Mohammed VI, Supreme Commander, and Chief of the General Staff of the Royal Armed Forces, the FAR have deployed two additional field medical-surgical hospitals (HMCC) in the rural commune of Mejjat in the province of Chichaoua and the rural commune of Ighrem in the province of Taroudant. This action, […]
Junior Budget Minister, Fouzi Lekjaa, announced that the emergency aid to the families affected by Al Haouz earthquake will be paid by the end of September. An agreement on extending the aid to the targeted population was signed between the ministerial departments concerned and la Caisse de Dépôt et de Gestion (CDG), said Lekjaa who […]