June 2026 – The European Investment Bank (EIB) has announced the disbursement of a second loan tranche worth €500 million ($576.2 million) to support Morocco’s ongoing earthquake reconstruction programme. This latest financing brings the EIB’s total post-earthquake commitment to €1 billion, following the first tranche released in October 2024.
The funds will be directed toward rebuilding and upgrading essential infrastructure in Al Haouz province, south of Marrakech, which was devastated by the September 2023 earthquake. Roads, schools, and healthcare facilities will be reconstructed to higher standards of earthquake resilience and energy efficiency, ensuring safer and more sustainable infrastructure for affected communities.
The loan is accompanied by a technical assistance grant to strengthen institutional capacity and ensure quality implementation. According to the EIB vice-president, the financing will enable the construction of infrastructure that is not only safer but also more energy-efficient, tailored to the needs of the population.
The earthquake struck on September 8, 2023, with a magnitude of 7, killing more than 3,000 people and injuring nearly 6,000 others. Around 60,000 homes were damaged or destroyed, alongside critical public infrastructure. In response, Morocco’s Royal Cabinet announced a five-year reconstruction programme estimated at 120 billion dirhams ($12.9 billion).
Since 1979, the EIB has mobilized more than €11 billion in Morocco, focusing on infrastructure projects in water, sanitation, energy, transport, education, and healthcare, as well as support for the private sector. This latest tranche underscores the EU’s commitment to helping Morocco recover from one of its worst natural disasters while building resilience against future risks.
