Spain and Morocco’s governments have agreed to allocate €11.6 million from the Debt Conversion Program to fund reconstruction and rehabilitation projects in the areas most severely impacted by the earthquake that struck the Moroccan province of Al Haouz on September 8th, as reported by Europa Press.
This agreement was reached during the Annual Meetings of the International Monetary Fund and the World Bank, which are currently taking place in Marrakech.
Nadia Calviño, Spain’s Deputy Prime Minister and Acting Minister of Economic Affairs and Digital Transformation, along with Morocco’s Minister of Finance, Nadia Fettah, reached this accord to rebuild the affected region. Calviño also met with the head of government, Aziz Akhannouch, on Saturday.
Officials from Calviño’s department emphasized that this joint action is a reflection of the exemplary relationship between Spain and Morocco. They underline that, following the earthquake that struck the province of Al Haouz, both countries reaffirm their commitment to strengthening their cooperation based on sustainable and social development, as stated in the Economic Affairs Ministry’s press release.
The ministry said that this initiative aligns with the Spanish government’s desire to “express solidarity with the people of the province of Al Haouz” and contribute to the recovery and rehabilitation of the affected areas.
On September 8th, a 6.8 magnitude earthquake on the Richter scale hit Morocco, resulting in over 3000 fatalities and more than 5,600 injured individuals. Moroccan authorities specified that the most affected province was Al Haouz, where the epicenter was located,
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.