EIB releases €100 million in emergency funding to help Morocco combat COVID-19
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Tuesday, September 1, 2020
The Minister of Economy, Finance and Administration Reform emphasised the importance of these funds in enabling Morocco to procure urgently needed medical supplies and equipment.
Key Points:
- The Minister of Economy, Finance and Administration Reform emphasised the importance of these funds in enabling Morocco to procure urgently needed medical supplies and equipment.
- This achievement is a tangible sign of the calibre of the partnership between Morocco and the EIB, the EU bank.
- Since 2007, Morocco has received over 5billion in funding, of which 30% was granted to the private sector.
- The Bank has also supported education in Morocco by, for instance, providing the Euro-Mediterranean University of Fes with funding.