The first agreement, for the financing of the support program for inclusive access to health infrastructures (PAAIIS), covers an amount of around MAD 1.3 billion ($127 million), and the second concerns the financing of the support program for the generalization of social security coverage to improve employability (PAGSC-II), worth around MAD 1.6 billion ($158 million).
The 3rd agreement covers the financing of emergency assistance for the Al Haouz earthquake, in the amount of around 10.35 million dirhams ($1 million).
On September 9, a 6.9-magnitude earthquake hit Morocco 77 kilometers (48 miles) southwest of the city of Marrakesh with a population of 839,000 people.
The earthquake, which claimed almost 3,000 lives and injured over 5,000 people, prompted the government to launch an $11.7 billion (MAD 120 billion) initiative to restore and rebuild the impacted regions. The five-year program will reportedly cover six regions of the country with a total population of about 4.2 million people.
The African Development Bank is seen as a key contributor to Morocco's development. Notably, the organization secured over €400 million in funding for healthcare and the establishment of an environmentally-friendly road network in the country.