On the occasion of the presentation of its 2024 report, the European Investment Bank (EIB) confirms its role as a key partner in Morocco’s development thanks to historic levels of commitment. With €500 million in financing in 2024, up 56% compared to 2023, the EU Bank is strengthening its support for Morocco’s strategic priorities. This level of commitment demonstrates a strengthened mobilization in favor of sustainable development and the country’s economic resilience. Since the beginning of its partnership with Morocco, the Bank has crossed the €10 billion investment mark, financing major projects in energy, water, transport, education and business support. A symbolic milestone that demonstrates the EIB’s lasting commitment alongside the Kingdom.
In October 2024, the EIB signed the first tranche of €500 million out of a €1 billion commitment, intended for the reconstruction of schools, hospitals and roads damaged by the Al Haouz earthquake. This financing is part of the overall reconstruction programme put in place by the Moroccan government. It aims to restore essential infrastructure in the education, health and transport sectors, while integrating enhanced seismic standards and sustainable energy solutions in line with the priorities of the European Union-Morocco Green Partnership. It will contribute directly to the rehabilitation of essential infrastructure and the resilience of affected populations. This support complements a €225 million grant from the European Union (EU).