AfDB loans Morocco 203 million euros for water

According to the agreement signed in Rabat between the Moroccan minister of Economy and Finance, Salaheddine Mezouar, and the resident representative of AfDB Office in Morocco, Amani Abou-Zeid, the project aims at improving the living conditions of an estimated 5.5 million inhabitants by securing the supply of potable water for urban and rural areas.

AfDB's investments in Morocco in the domain of water are estimated at 755 million euros.

From 1967, when cooperation between Morocco and AfDB began, until 2009, over 103 operations have been financed in Morocco with priorities given to agriculture and infrastructure.

The Pan-African financial institution says AfDB, over the past few years, has laid particular emphasis on the financing of structural reforms and multi-sectoral programmes undertaken by the Moroccan government.

PANA