rabats 250m boost loans and grants for sustainable development
Rabat has successfully concluded three loan agreements totaling 250 million euros and two grant contracts worth 7 million euros with the German Development Bank. The funds are earmarked for initiatives in social protection, sustainable mobility, and irrigation.
The first subsidized loan, amounting to 120 million euros with an accompanying 2 million euros donation, is dedicated to a program supporting the social protection project. This aims to enhance the living conditions of the population.
The second loan, totaling 100 million euros with a 5 million euros grant, focuses on financing the Fund to support urban and interurban road transport reforms (FART). The objective is to develop a modern, eco-friendly public transport system in Moroccan cities.
The third financing, a 30 million euros loan, is allocated to the project “Improving the efficiency of water consumption in irrigated agriculture (Sidi Mohamed Cherif Perimeter).” This initiative aims to optimize regulated irrigation water usage downstream of the Ouljet Essoltane dam.
Rabat’s €250M funding from the German Development Bank signals a strategic move towards sustainable development, addressing social needs, eco-friendly transport, and efficient irrigation. The allocated funds showcase a commitment to enhancing living conditions and fostering modern, climate-conscious initiatives for a more resilient future.
Advances in technology have changed the way public services are delivered. Many services are now available online. National Identity Management…
On Wednesday, Kenyan police officials were seen walking Port-au-Prince's streets wearing body armor and automatic firearms. Reacting to a call…
On April 10, 2024, the Nollywood industry mourned the loss of John Paul O'Donoghue, popularly known as Junior Bob. This…
Some people would like to introduce Wizkid as a Nigerian singer. Balogun is his real name and his full name…
The world of Rap music has witnessed many talented artists and NBA Youngboy is one of them. NBA stands for…
Death, universally recognised, is an unavoidable aspect of the human experience, although its Having your Guaranty Trust Bank ATM card…
This website uses cookies.