Minister Delegate to the Minister of Economy and Finance, in charge of Budget, Fouzi Lekjaa, and Sandra Rohleder, Head of Division at the German Development Bank (KfW), signed, here Wednesday, a 100 million euro loan contract, to support Al Haouz post-earthquake reconstruction and upgrading program.
The loan agreement, which was signed in the presence of the Ambassador of the Federal Republic of Germany, Robert Dölger, aims to support Morocco in managing the earthquake consequences and mitigating its socio-economic effects on the local population.
Speaking on this occasion, Lekjaa stressed the importance of this contract aimed at “financing part of the direct aid allocated to households,” and which constitutes “a further concrete expression” of the exemplary and lasting partnership between Morocco and Germany.
The Minister also welcomed this event as a reminder of the cooperation between the two countries, particularly with regard to the major reform programs undertaken by the Kingdom, including major investment projects.
For his part, Dölger expressed his satisfaction at the signing of this contract, which will make a significant contribution to the reconstruction of the stricken region, in a spirit of solidarity with Morocco and its people.
“I believe that this contribution from Germany will really help to make a difference for those affected by the earthquake”, he said, adding that it constitues an excellent example of the quality of friendly relations between the two countries.
At the end of the ceremony, Lekjaa and Rohleder expressed their satisfaction with the level of partnership ties between the Kingdom of Morocco and the Federal Republic of Germany, while affirming their willingness to engage in joint reflection to increase and strengthen access to KfW’s financial resources.
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.