European investment bank lends Morocco $ 9 million

The European Investment Bank lent Morocco about $ 9 Million destined for some cleansing projects in the city of Settat.

The loan accord was signed Tuesday in Luxembourg by Moroccan ambassador to Brussels, Rachad Bouhlal, and the EIB deputy chairwoman, Ms. Ariane Obolensky.

The loan will be paid back in 15 years including a three-year grace period.