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TunisiaEBRD mobilises earthquake recovery response for Morocco
The European Bank for Reconstruction and Development (EBRD) is helping Morocco to rebuild its economy in the regions of the Atlas Mountains that were hit by the recent earthquake, with an initial response package of up to €250 million from 2023 to 2025.
The quake that struck on 8 September 2023 is the most powerful experienced by Morocco in over a century and the deadliest since 1960. It claimed 3,000 lives and left a devastating trail of destruction.
EBRD Managing Director for the Southern and Eastern Mediterranean (SEMED) region, Heike Harmgart, said: “The EBRD stands ready to support the affected communities and regions and help mitigate the adverse effects of the earthquake on livelihoods, human capital and infrastructure through a tailored blend of financing, grant support and technical assistance”.
The response comprises two key phases that are designed to promote sustainable recovery and inclusive regional development. This multi-faceted response will be closely coordinated with the Moroccan government and other relevant public and private sector stakeholders, and will be implemented in collaboration with other international partners and donors.
Countries covered:
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Morocco
