European bank grants Morocco 23-million euro loan

The European Investment Bank (EIB) will grant Morocco a loan worth 23 million Euro for drinking water and sanitation projects. The loan will be used to improve drinking water and sanitation networks in Meknes (130 km east of Rabat). The delegation will also visit some EIB-financed projects.

The EEC delegation in Morocco announced that an EIB delegation, led by Arrianne Obolensky, the bank vice-president, will visit Morocco this May 5-11 to sign the loan agreement with Morocco.

Since 1978, the European bank has financed 1,221 million Euro-worth projects in Morocco.