The European Investment Bank (EIB) mobilized 500 million euros in financing for Morocco in 2024, marking a 56% increase compared to the previous year. Additionally, it has strengthened its technical assistance for post-earthquake reconstruction, infrastructure enhancement, and private sector development. During the presentation of its annual report, the institution noted that it has allocated over 10 billion euros since the beginning of its partnership with the kingdom. Complementing a 225 million euro grant from the European Union, the EIB signed the first tranche of 500 million euros last year as part of a one billion euro commitment to rebuild schools, hospitals, and roads damaged by the Al-Haouz earthquake. This initiative aligns with the government's reconstruction program, «while integrating enhanced seismic standards and sustainable energy solutions in line with the priorities of the EU-Morocco Green Partnership», according to a statement. To support access to education in rural areas, the EIB, the EU delegation to Morocco, and the Ministry of National Education, Preschool, and Sports have launched a technical assistance program worth 6 million euros over five years. The aim is to support the construction and rehabilitation of 150 community establishments in rural areas. The EIB has also provided technical assistance to the National Railways Office (ONCF) for «developing a resilience and climate adaptation strategy for the Moroccan railway network to better withstand extreme weather events and ensure the sustainability of rail transport». Last December, a high-level meeting reaffirmed the partnership between the EIB and the Caisse de dépôt et de gestion (CDG) to mobilize the necessary investments for industrial zones, «strengthen Small and Medium-sized Enterprises (SME) financing, and promote sustainability». «Since the beginning of their collaboration, more than 455 million euros have been committed by the EIB to support strategic projects led by the CDG and its subsidiaries, illustrating a shared ambition to accelerate the transition to a more resilient and sustainable economy», the same source adds. In 2025, the EIB plans to support Morocco's strategic infrastructure, «focusing on SME financing, renewable energy, and sustainable transport», along with support for «the green transition and the modernization of water and electricity networks».
