Middle East Economic Survey

VOL. XLIX

No 52

25-Dec-2006

morocco

EIB Grants 210Mn Facility To Moroccos Power Sector

The European Investment Bank (EIB) announced on 14 December that it was providing 210mn ($278mn), under its Facility for Euro-Mediterranean Investment and Partnership (FEMIP), in support of Moroccos energy sector. Of the loan, 170mn ($225mn) will go to Moroccos Office National de lElectricité (ONE) for the final phase in the governments rural electrification scheme during 2006-08....