Post-Earthquake Reconstruction: Morocco and the EIB Strengthen Their Partnership with €500 Million Financing
Morocco and the European Investment Bank Celebrate Milestone in Post-Earthquake Reconstruction
Morocco and the European Investment Bank (EIB) recently celebrated the signing of the second tranche of the "Morocco Post-Earthquake Reconstruction" program in Rabat, amounting to €500 million. This funding forms part of a broader financing initiative totaling €1 billion, aimed at supporting the reconstruction and development of regions impacted by the earthquake on September 8, 2023.
The ceremony was attended by the Minister Delegate for Budget, Fouzi Lekjaa; the EIB Vice President, Ioannis Tsakiris; and the European Union Ambassador to Morocco, Dimiter Tzantchev. This second tranche, signed in December 2025, is backed by a guarantee from the European Union as part of the FEDD+ program.
Officials emphasized the strength of the partnership between Morocco and its European partners, which is rooted in long-term cooperation designed to support the Kingdom’s major development projects. The EU and the EIB are particularly committed to enhancing infrastructure modernization and strengthening regional resilience against natural risks and the impacts of climate change.
Following an initial phase focused on emergency interventions from 2023 to 2025—which includes the reconstruction of schools, healthcare centers, and the rehabilitation of road networks—the program has now entered a new stage. The period from 2026 to 2030 will concentrate on accelerating development in affected areas by improving infrastructure, educational offerings, healthcare services, and climate resilience.
Beyond reconstruction, this initiative seeks to establish a new model of territorial development grounded in inclusion, social cohesion, and sustainability, aiming to transform the affected regions into more resilient spaces better equipped to face future challenges.
Since 1979, the EIB has been a historic partner of Morocco, mobilizing nearly €11 billion in the country, contributing to the financing of various key projects in transportation, infrastructure, and territorial development.
