Fund No. 126, dedicated to earthquake relief in Morocco has gained momentum with King Mohammed VI’s contribution of one billion dirhams and support from official institutions like the Bank of Morocco and the National Agency for Real Estate Conservation, Land Surveying, and Cartography, each pledging one billion dirhams, underscore the initiative’s potential.
Five days after its launch, the fund has already collected nearly five billion dirhams, signaling optimism within the government for surpassing previous donation records from the COVID-19 pandemic.
Observers anticipate that King Mohammed VI’s substantial donation will inspire further private sector and individual engagement to aid earthquake-affected areas. Additionally, Morocco may receive financial support from friendly nations, including the UAE and Qatar.
Economic analyst Tayeb Aissa believes that Morocco’s solidarity in crises will drive contributions higher in the coming days, emphasizing the need for substantial financial resources for reconstruction. Aissa also stressed the importance of transparent fund allocation, considering cultural, urban, and environmental factors.
Expectations are that Morocco will exceed donation amounts collected during the COVID-19 crisis, given the severity and damage of the earthquake.
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