The Africa Development Bank Group (AfDB) has approved a €150 million credit line to Morocco’s Municipal Equipment Fund (FEC) to finance a new generation of sustainable and inclusive territorial development projects, the institution announced on Wednesday in a statement from Abidjan.
According to the AfDB, the funding will allow Moroccan local authorities to accelerate investments in sustainable infrastructure aimed at strengthening access to essential services, reinforcing climate resilience, and improving territorial connectivity, particularly in rural and underserved areas.
Priority areas identified under this operation include the development of road and transport infrastructure to enhance mobility, the expansion of drinking water supply networks, and major urban renewal initiatives. The project will also support the establishment of new educational, sociocultural, and sports facilities to improve living conditions across different regions.
“This operation is the second with our strategic partner, the Municipal Equipment Fund,” said Achraf Hassan Tarsim, AfDB Country Manager for Morocco, as quoted in the statement. “It strengthens the deployment of territorial development projects in line with the highest environmental and social performance standards.”
For his part, Ahmed Attout, Director of the Bank’s Financial Sector Development Department, emphasized that the initiative would help build stronger and more dynamic territories. “By supporting the Municipal Equipment Fund in strengthening its capacities, we are contributing to the emergence of more resilient, inclusive and dynamic territories,” he noted.
The AfDB stressed that these investments carry significant economic and social impact, highlighting their potential to generate new jobs while enabling local governments to reinforce their governance capacities and accelerate Morocco’s socio-economic development at the territorial level.
The credit line also supports Morocco’s ongoing decentralization reforms, which aim to empower regional and local governments and diversify the country’s productive capabilities. It will further accompany growth in key strategic sectors that underpin Morocco’s long-term development agenda.
Aligned with the AfDB Group’s “High 5s” priorities and Morocco’s New Development Model, the operation is expected to contribute to sustainably improving the quality of life of Moroccan citizens, the Bank concluded.
