The Vice President of the European Investment Bank (EIB) in charge of Maghreb Bank activities, Emma Navarro, is paying an official visit to Morocco on Friday, a statement from the EIB said.
During this visit, Navarro will announce “the financing of new projects considered strategic for Morocco such as the energy transition and access to drinking water or the support to the private sector,” says the EIB.
“I am very happy to go to Morocco to sign this new financing which will have a direct impact on the daily lives of Moroccans as well as on economic development,” noted the EIB vice-president, quoted in the press release, saying that the Bank of the European Union “is more than ever mobilized to support Morocco in its process of economic modernization and energy transition”.
Navarro will also meet with several economic decision makers as well as many business leaders to recall the increased support of the EIB to small, medium and large Moroccan companies, according to the same source.
Over the past ten years, the EIB has invested more than 5 billion euros (more than 53.5 billion dirhams) in support of projects in key sectors of the Moroccan economy such as energy, transport, water and sanitation, education, health, social housing, industry, business support or even innovation.