Home » Business » Al Haouz post-earthquake reconstruction program: Germany grants 100 million euros mortgage

Al Haouz post-earthquake reconstruction program: Germany grants 100 million euros mortgage

The Minister Delegate to the Minister of the Economic system and Finance, answerable for the Funds, Fouzi Lekjaa, and the pinnacle of division on the German Growth Financial institution (KfW), Sandra Rohleder, signed, Wednesday in Rabat of the mortgage contract for an quantity of 100 million euros, in help of the Program for the reconstruction and upgrading of areas affected by the Al Haouz earthquake.

This mortgage contract, the signing of which came about within the presence of the Ambassador of the Federal Republic of Germany, Robert Dölger, goals to help Morocco in managing the results of the earthquake and mitigating its socio-economic results. financial on the native inhabitants.

Talking on this event, Mr. Lekjaa underlined the significance of this contract supposed to “financing a part of the direct help allotted to households”, and which constitutes “a brand new realization” of the exemplary and lasting partnership between Morocco and Germany.

The minister additionally welcomed this occasion, which is meant to be a chance to recall cooperation between the 2 nations, notably with regard to the main reform packages undertaken by the Kingdom, together with main funding tasks.

“I imagine that this contribution from Germany will really assist to make a distinction for these affected by the earthquake,” he stated, whereas welcoming this ceremony which additionally constitutes a wonderful instance of the standard of relations pleasant relations between the 2 nations.

On the finish of this ceremony, Mr. Lekjaa and Ms. Rohleder welcomed the extent of partnership ties between the Kingdom of Morocco and the Federal Republic of Germany, whereas affirming the will to have interaction in joint reflection to extend and strengthen entry to KfW’s monetary sources.

LNT with Map


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– 2024-06-06 15:38:15

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