Many citizens and observers are wondering about the fate of the loans and funds that were injected into the special fund for managing the effects of the Al Haouz earthquake, which approached 22 billion dirhams, meaning more than 2 billion dollars.
It is noted that the government did not settle for the donations that exceeded 2,000 billion centimes, but also resorted to international loans in order to reconstruct the areas affected by the devastating earthquake and build homes for the residents. Among the loans are: 100 million euros from the German Development Bank, 500 million euros from the European Investment Bank, 1.3 billion dollars from the International Monetary Fund, support from the European Union of 190 million euros, 20 million euros from the European Bank for Reconstruction and Development, and 500 million dollars from the World Bank to support groups affected by disasters..…
News
14 Jan 2025
2 min read
Where did the billions allocated for the reconstruction of the Al Haouz areas go? - Al Ousboue Assahafi
Al Ousboue Assahafi - News Behind the Scenes - Where did the billions allocated for the reconstruction of the Al Haouz areas go?
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