Morocco has been granted a loan of USD 251 million by The African Development Bank (AfDB) and the African Development Fund (ADF) to finance highway and drinking water projects.
The first part of the loan, which stands at USD 149 million, is designed to fund highway projects. It was approved by the two financial institutions' boards of trustees.
Another USD 102 million is meant to provide drinking water to some 350,000 inhabitants, and fund sanitation projects in rural areas.
This project will improve the water supplies in rural areas, particularly in the provinces of Chefchaouen, Azila, Kenitra, settat and Khouribga.
The two institutions said in a statement that they had also decided to carry out a number of projects that aim to reinforce regional integration and trade competitiveness in the African continent.
They thus approved loans and donations reaching USD 400 million destined for development projects in different regions in Africa.
Earlier, the AfDB had approved a Euro 85 million loan to Morocco to finance the implementation of the second phase of public administration support programme, said MAP.
This programme is intended to boost the efficiency of the administration in terms of the management of the budget, human resources, and the wage bill.
© Morocco Times 2006
