This article was automatically translated from HIBAPRESS, the Arabic version:
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HIBAPRESS-RABAT-MEF
Madam Nadia FETTAH, Minister of Economy and Finance, and Mr. Akinwumi ADESINA, President of the African Development Bank (AfDB) Group, co-chaired the signing ceremony of three loan agreements for a total amount of 344 Millions of Euros.
The signing ceremony, organized on the sidelines of the work of the 5th edition of the “ Africa Investment Forum “, saw the participation of several personalities, including Mr. Tarik HAMANE, Director General of the National Office of Electricity and Drinking Water, Mr. Jamal BENJELLOUN, General Director of the Nador West Med Company, and Mr. . Hicham ZANATI SERGHINI, Director General of the National Company Guarantee and Financing Company.
The loan agreements, which were the subject of this signing ceremony, concern structuring projects which aim, among other things, to improve the performance of drinking water, the development of the port activity zone of Nador West Med and strengthening the governance and resilience of the Moroccan economy.
This funding supports the Government’s strategy, deployed in accordance with the High Royal Directions of His Majesty the King, may God assist Him, to consolidate the fundamentals of the Moroccan economy, safeguard water resources in a context of water stress and strengthen Morocco’s port offering and its anchoring to global value chains.
