<\/p>\n
The first loan agreement, signed by Minister of Economy and Finance, Nadia Fettah, and AfDB President Akinwumi Adesina, is worth \u20ac120 million.<\/p>\n
It is intended to finance the Economic Governance and Resilience to Climate Change Support Program, which will enable major economic and sectoral governance reforms to be carried out.<\/p>\n
The second agreement, worth \u20ac104.7 million, was signed by the Director General of the National Office of Electricity and Drinking Water (ONEE), Tarik Hamane, the AfDB Vice President for Regional Development, Integration and Business Delivery, Nnenna Nwabufo, and the Director of Tamwilcom, Hicham Serghini.<\/p>\n
<\/p>\n
This agreement is intended to implement the Drinking Water Digitization, Production Enhancement and Performance Improvement Project. It will help secure drinking water production, improve technical performance in several regions and urban areas of Morocco, and support the digitization of processes.<\/p>\n
The third agreement, worth \u20ac120 million, was signed by Nador West Med General Manager, Jamal Benjelloun, AfDB Director General for North Africa, Mohamed El Azizi, and Tamwilcom Director, Hicham Serghini.<\/p>\n
The loan is due to support the Nador West Med port industrial zone development project. It will strengthen and diversify Morocco\u2019s port infrastructure, by consolidating its role as an industrial logistics hub in the western Mediterranean, while promoting economic and social development in the Oriental region.<\/p>\n
This agreement will also enable the development of economic areas and industrial and logistics units within the port.<\/p>\n
Speaking on the occasion, Fettah stressed the importance of the strategic partnership with the AfDB, highlighting the Kingdom\u2019s commitment to the major challenges facing the African continent.<\/p>\n
\u201cThe AfDB values this collaboration and sees it as an exemplary model for all the continent\u2019s countries,\u201d she said.<\/p>\n
She added that this financing reflects Morocco\u2019s credibility and is part of a development momentum covering several strategic sectors, mainly water.<\/p>\n
The AfDB has operated in Morocco for over fifty years, in the key sectors of health, human development, water, agriculture, energy, transport and finance.<\/p>\n<\/div>\n
Rephrase in a different way as if you were a native American speaker as a content creation expert and do not talk about yourself or your experience in the text and do not show yourself as an artificial intelligence who wrote and fill the bullet point in the topic and speak the heart of the topic itself and dont take date of blog in ther first and dont take text like box of newsliter subscribe on post from content and romove all linke insert in content and and remove all affiliate disclosure phrases on content like this “This post may contain Amazon or other affiliate links that allow us to earn a small commission at no extra cost to you. Please see our Disclosure Policy for more info” and “#” put in its place bullet point, and romove name of the web site or his links we are take a content from our new creation<\/p>\n","protected":false},"excerpt":{"rendered":"
\u00a0Morocco and the African Development Bank (AfDB) concluded, here on Thursday, three financing deals for a total worth of \u20ac344.7 million, designed to implement support programs to strengthen economic governance and resilience against climate change, boost drinking water production and improve its performance, and develop the Nador West Med port industrial activity zone. The first […]<\/p>\n","protected":false},"author":5,"featured_media":5138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[13],"tags":[4173,940,3092,3096,3097,640,1182,234,3095,1916,4175,169,3093,3088,4174,3094,3098],"class_list":["post-5137","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-afdb","tag-american","tag-characters","tag-content","tag-creation","tag-deals","tag-dont","tag-experience","tag-expert","tag-financing","tag-mln","tag-morocco","tag-native","tag-rephrase","tag-seal","tag-speaker","tag-talk"],"_links":{"self":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/5137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/comments?post=5137"}],"version-history":[{"count":1,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/5137\/revisions"}],"predecessor-version":[{"id":5139,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/5137\/revisions\/5139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media\/5138"}],"wp:attachment":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media?parent=5137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/categories?post=5137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/tags?post=5137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}