DR ‹ › The Board of Directors of the African Development Bank Group (AfDB) approved on Wednesday in Abidjan a €150 million credit line for Morocco's Municipal Equipment Fund (FEC). The financing will support new sustainable and inclusive investment and infrastructure projects, while strengthening momentum for territorial development. According to the AfDB, the initiative will enable local authorities to invest in sustainable infrastructure that improves access to essential services, boosts climate resilience, and enhances territorial connectivity, particularly in rural areas. Priority areas include road and transport infrastructure to facilitate mobility, access to drinking water, urban renewal, and the development of educational, sociocultural, and sports facilities. These high-impact territorial investments are expected to generate employment opportunities and reinforce the capacity of local authorities to contribute to Morocco's socio-economic development. The operation also supports Morocco's ongoing decentralization efforts and aims to diversify and consolidate the country's production base, while accompanying growth across strategic economic sectors. Aligned with the AfDB's «High 5» priorities and Morocco's New Development Model, the project is designed to support national development goals and sustainably improve living conditions for citizens.
