This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from HIBAPRESS, the Arabic version:
Heba Press
Morocco and the African Development Bank signed three financing agreements on Thursday in Rabat with a total value of 344.7 million euros, allocated to the implementation of support programs aimed at strengthening economic governance and resilience to climate change, to strengthen the production of drinking water and to improve its performance. in addition to developing the industrial zone of the port of Nador in the western Mediterranean.
The first agreement was signed by the Minister of Economy and Finance, Nadia Fattah, and the President of the African Development Bank, Akinwumi Adesin, for an amount of 120 million euros.
This agreement aims to finance a program to support the strengthening of economic governance and resilience to climate change, which will enable the implementation of major reforms in the area of economic and sectoral governance, including the ongoing reform of institutions. public.
The second agreement, worth 104.7 million euros, was signed by the Director General of the National Office of Electricity and Drinking Water, Tariq Hamman, the Vice-President of the Bank African Regional Development, Integration and Service Delivery, Nina Nwabufo, and the director of the Tamweelcom company, Hisham Al-Sarghini.
It aims to implement a digitalization project, to promote the production of drinking water and to improve its performance. This will allow us to strengthen the safety of drinking water production, improve technical performance in several regions and urban areas of Morocco, as well as support the digitalization of operations.
The third agreement, worth 120 million euros, was signed by the general director of the “Nador Society of the Western Mediterranean”, Jamal Benjelloun, the general director of the African Development Bank for South Africa. North, Mohamed Al-Aziz, and the director of the company Tamweelcom. , Hisham Al-Sarghini.
It aims to support the project to develop the industrial zone of the port of Nador in the western Mediterranean, in particular with a view to enhancing and diversifying the Moroccan port offer by consolidating its role as an industrial logistics platform, in addition to promoting economic development and social. in the eastern region.
This agreement will also allow the development of economic spaces and industrial and logistics units within the port.
On this occasion, Fattah underlined the importance of the strategic partnership with the African Development Bank, noting the Kingdom’s commitment to the major challenges of the African continent.
She stressed that “the African Development Bank appreciates this partnership and considers it a model for other African countries”.
She added that this financing reflects Morocco’s credibility and is part of a development dynamic that includes several strategic sectors, notably water.
It should be noted that the presence of the African Development Bank in Morocco has extended for more than fifty years and that its interventions cover major sectors such as health, human development, water, agriculture, energy, transport and finance.
