Al Haouz post-earthquake reconstruction program: Germany grants 100 million euro loan
Rabat – The Minister Delegate to the Minister of Economy and Finance, in charge of the Budget, Fouzi Lekjaa, and the Head of Division at the German Development Bank (KfW), Sandra Rohleder, proceeded, Wednesday in Rabat, to the signing of the loan contract for an amount of 100 million euros, in support of the Reconstruction and Upgrading Program for the regions affected by the Al Haouz earthquake.
This loan agreement, which was signed in the presence of the Ambassador of the Federal Republic of Germany, Robert Dölger, aims to support Morocco in managing the consequences of the earthquake and mitigating its socio-economic effects on the local population.
Speaking on this occasion, Mr. Lekjaa stressed the importance of this contract intended for the “financing of part of the direct aid allocated to households”, and which constitutes “a new concretization” of the exemplary and lasting partnership between Morocco and Germany.
The minister also welcomed this event, which is an opportunity to recall the cooperation between the two countries, particularly with regard to the major reform programs undertaken by the Kingdom, including major investment projects.
For his part, Mr. Dölger said he was pleased with the signing of this contract, which could make a significant contribution to the reconstruction of the disaster-stricken region, in a spirit of solidarity with Morocco and its population.
“I believe that this contribution from Germany will really help make a difference for those affected by the earthquake,” he said, while welcoming the ceremony, which also constitutes an excellent example of the quality of friendly relations between the two countries.
At the end of this ceremony, Mr. Lekjaa and Mrs. Rohleder welcomed the level of partnership ties between the Kingdom of Morocco and the Federal Republic of Germany, while affirming the desire to engage in joint reflection to increase and strengthen access to KfW’s financial resources.
2024-09-15 14:42:27