Morocco signs 701.3 million euro agreements with GermanyChristian Fernsby ▼ | July 24, 2020
The Moroccan government has signed three loan and grant agreements worth 701.3 million euros (810.6 million U.S. dollars) with Germany, to finance diverse economic sectors in the North African country.
Agreements Morocco parliament
Topics: Morocco Germany
The statement did not specify the details of the three agreements, nor the areas to which these funds will be directed.
According to the statement, the agreements reflect the importance of the cooperation between the two countries which focuses on priority sectors of Morocco's development, mainly renewable energies, energy efficiency, sustainable economic development and management of water resources. ■