The African Development Bank (AfDB) signed a deal on Thursday to lend €350-million Morocco and is considering loaning the country another €650-million to finance infrastructure for the 2030 World Cup.
The agreed loan would help Morocco boost economic governance, strengthen water supplies and set up an industrial zone in the Nador West Med port, the AfdB said in a statement.
The loan agreement was signed during the AfDB's Africa Investment Forum in Rabat.
The AfDB is also mulling a financing of €650-million to develop Morocco's rail and airport infrastructure for the 2030 soccer World Cup, which Morocco will co-host with Spain and Portugal, bank chief Akinwumi Adesina told reporters.
AfDB's total financing to Morocco covers 37 projects worth $3.6-billion.
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