Mohammed solidarity foundation-sponsored projects dedicated during king's tour worth 110 million dh
Morocco, Politics, 11/6/2001
The funds allocated by the Mohammed V solidarity Foundation to the projects that King Mohammed VI has dedicated or visited during his trip in central and southern Morocco (Oct.14 through Nov.3) are worth 110 million DH (US$ 10 Mln).
According to Azeddine Benmoussa, accountant and administrator at the Foundation, most of the projects are located in rural areas and target the poorest social layers. They seek to achieve lasting development, consolidate medical infrastructure and equipment, promote schooling and training and integrate handicapped persons.
The Foundation executive who gave details on the Foundation financial situation, fund-collecting and expenses, insisted on the transparency marking all the foundation's operations.
After he noted that the Foundation's assets now stand at 406 million DH (US$ 37 Mln) and commitments at 400 Mln DH (US$36.6 Mln), he said the Foundation is depending on the generosity of Moroccans to launch additional actions and social programs.
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