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الصحيفة
$487M for Morocco's economic push
The Board of Directors of the African Development Bank Group has approved a €487 million (approximately $487 million) funding to Morocco aimed at accelerating the structural transformation of the Moroccan economy. The program focuses on strengthening economic governance, improving the business climate's attractiveness, and developing capacities to face climate and energy challenges. It also supports structural reforms to enhance the resilience of the national economy and attract private investments, particularly to support small and medium-sized enterprises. The funding aims to boost resilience to external shocks, including rising energy and transportation costs, and is part of the bank's strategies to help Morocco achieve inclusive and sustainable growth. Since 1978, the bank has supported Morocco with over €15 billion across vital sectors.
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