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The European Union to grant Morocco EUR 450 Mln to fight coronavirus

(with MAP)
DR
Estimated read time: 1'

A joint statement of Morocco and the European Union (EU) announces that the bloc will grant the Kingdom 150 million euros, contributing to the special Fund for the management of the Covid-19 pandemic.

Also, the European Union will undertake to redirect EUR 300 million of the funds allocated to Morocco towards the response to the pandemic by speeding up their mobilisation to meet the Kingdom's exceptional budgetary needs.

The joint statement was published following a telephone conversation between minister of Foreign Affairs, African Cooperation and Moroccan Expatriates, Nasser Bourita, and Commissioner for Enlargement and European Neighbourhood Policy, Oliver Varhelyi.

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