The European Investment Bank reaffirms its support for Morocco’s vision of green infrastructure
Nadia Calviño, President of the European Investment Bank, confirmed her institution’s full support for the vision led by His Majesty King Mohammed VI to establish resilient and sustainable green infrastructure in Morocco.
In an interview with the Maghreb Arab Press on the occasion of the Throne Day, Calviño explained that the bank supports this direction by financing major projects in the field of renewable energy, including the comprehensive wind energy program and the “Noor Midelt” solar complex, as well as initiatives in biodiversity through the integrated forestry program overseen by the National Agency for Water and Forestry, in addition to sustainable transportation projects.
She highlighted that the bank is also cooperating with the National Office for Electricity and Drinking Water within the national program for drinking water supply, working to facilitate the integration of renewable energy by enhancing and expanding electrical networks. She indicated that these initiatives fall within a comprehensive development model based on strategic planning, equitable growth, and environmental transition.
Calviño noted that the European Investment Bank, as the financial arm of the European Union, has accompanied Morocco in approximately 150 financing operations since 1979, with a financial envelope exceeding 10.6 billion euros. She considered that this long-term partnership reflects a convergence of priorities between Morocco and the European Union in the fields of sustainable infrastructure, renewable energy, and human capital development.
She confirmed that the bank’s funding has contributed to the completion of flagship projects such as the Tangier-Med Port, the Rabat and Casablanca trams, as well as schooling programs in rural areas. She emphasized that these investments, made under royal leadership, have contributed to enhancing social inclusion and economic resilience. She mentioned that the bank is also working to facilitate access to financing for small and medium-sized enterprises, given their vital role in innovation and job creation, noting that this progress has been achieved thanks to macroeconomic stability and the regulatory framework provided by royal directives.
