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Emerging Markets

Morocco Water Security Gets US$291 Million European Bank Boost

The Rio Times · 1h ago · 🇧🇷 Brazil

Morocco Water Security Gets US$291 Million European Bank Boost

Africa · Northern Key Facts —The financing. A €250 million loan ($285 million) plus a €5 million grant ($5.7 million), totalling roughly $293.8 million. —The recipient. Morocco’s national water and electricity utility, ONEE, for its drinking water branch. —The guarantee. Tamwilcom, Morocco’s national credit guarantee institution, backs the loan—a first for an EBRD deal in […] The post Morocco Water Security Gets US$291 Million European Bank Boost appeared first on The Rio Times .

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