Germany is supporting Morocco’s sustainable development efforts with a financial assistance of €330.5 million, including loans and grants. The funds will help the North African country carry out projects in renewable energy, electric power, water supply & storage in rural areas and desalination of seawater. Two agreements were signed in this regard by Moroccan minister of Economy & Finance Mohamed Benchaaboun and German ambassador in Rabat, Götz Schmidt-Bremme. The CWA initiative brings together reformer African countries, international organizations and bilateral partners from G20 and beyond. The initiative is meant to coordinate country-specific reform agendas, support respective policy measures and advertise investment opportunities to private investors.

Source: The North Africa Journal February 06, 2019 15:56 UTC