Loan of €94.7 million from the WB for the additional financing of the Support Program for the Municipality of Casablanca
The loan agreement and the guarantee agreement relating to the additional financing of the Support Program for the municipality of Casablanca, which is financed by the World Bank (WB), were signed on Tuesday in Rabat, for an amount of 94, 7 million euros (M€).
According to the Ministry of Economy and Finance, this legal documentation was signed during a ceremony chaired by the Minister in charge, Nadia Fettah, alongside the Country Director at the Regional Office of the Maghreb, Middle East and North Africa Department. at the WB, Jesko Hentschel, and the president of the municipality of Casablanca, Nabila Rmili.
On this occasion, the ministry said in a press release, Nadia Fettah welcomed the quality and diversity of cooperation relations between Morocco and the World Bank Group, welcoming, in this regard, the support provided by the Bank to the reforms undertaken by the Kingdom, particularly in the field of territorial development.
The additional financing granted by the World Bank aims to increase the investment capacity of the municipality of Casablanca, to strengthen the resilience of the city of Casablanca to the effects of climate change and to improve access to basic services in the area. of the program, she said.
For her part, Nabila Rmili noted that the additional funding granted to the Commune will make it possible to broaden the scope of the reforms undertaken and further strengthen the city’s resource mobilization capacities.
