Faced with massive disengagement of French retail banks on the African continent , it is now local and Moroccan institutions that occupy the ground. France is attempting to sketch out a new model focused on investment banking and technological innovation.
The French ambassador to Morocco, Christophe Lecourtier, has been chosen by Emmanuel Macron to lead the French Development Agency. This departure comes as relations between Paris and Rabat are experiencing a historic diplomatic thaw.
The new terminal at Rabat-Salé Airport is now ready to international standards. This flagship project will quadruple the capacity of the capital, bringing it to 4 million passengers per year from its inauguration scheduled for the end of Ramadan.
On the sidelines of the state visit of French President Emmanuel Macron, several agreements were signed on Tuesday during a business meeting at the International University of Rabat (UIR). One of them concerns support from the French Development Agency (AFD) for the development plan of the Casablanca-Settat region, in preparation for the 2030 World Cup.
Political actors are expressing their opposition to loan agreements totaling 130 million euros and a 4.7 million euro grant signed by the Deputy Minister in charge of the Budget and the Director of the French Development Agency in Rabat to finance the strengthening of French-language education in the Moroccan education system.
In 2021, the French Development Agency (AFD) invested more than 610 million euros to finance structuring projects, thus confirming its support for the reforms undertaken by the Kingdom.
The Communal Equipment Fund (FEC) and the French Development Agency (AFD) signed, on July 28, 2021, two new financing agreements. While the first strengthens the strategic partnership between the two institutions against the effects of climate change, the second aims to reduce territorial and social disparities and support the economic recovery of Morocco .
The French Development Agency (AFD has just granted a loan of over 1 billion DH to the National Ports Agency (ANP). The aim is to strengthen their resilience.
A loan agreement of 100 million euros has been signed between the French Development Agency (AFD) and the kingdom to support the program to improve the performance of municipalities in Morocco.
Why doesn’t Morocco put itself on a sustainable path to emergence when it has all the conditions to succeed? This is the question answered by the French Development Agency by closely examining the factors preventing the Kingdom from reaching the rank of an emerging economy.
The French Development Agency (AFD) has granted financing of 50 million euros, in the form of a loan, with a grant of 400,000 euros, to the National Airports Office (ONDA). This financial contribution is part of the strengthening of air safety, airport security, as well as energy efficiency measures.
The French Development Agency (AFD) has granted a loan of 50 million euros to the National Office of Electricity and Water (ONEE). This second loan aims to finance a drinking water network project in the northern provinces of Morocco.