Fades

Articles

• Morocco Secures $227 Million Loan for Tiznit-Dakhla Express Road Project
  20 June 2019, by Said

  A new loan has just been granted to Morocco by the Arab Fund for Economic and Social Development (FADES). This concerns, among other things, the road link between the cities of Tiznit and Dakhla, passing through Laâyoune.
  The Agreement was signed this week by the Moroccan Government, represented by the Ministers of Economy and Finance, Mohamed Benchaaboun, and of Equipment, Transport, Logistics and Water, Abdelkader Amara. On the FADES side, it was Abdullatif Yusuf Al-Hamad, Director (…)

• Morocco Secures $5 Billion in Development Funding from Arab Fund Since 1974
  10 February 2022, by Armel

  Between 1974 and 2020, the Arab Fund for Economic and Social Development (AFESD) has mobilized an amount of $5 billion for Morocco, making the kingdom its second largest client after Egypt.
  Created in 1971, the AFESD aims to support Arab countries in their economic and social development through loans, technical assistance and grants, becoming a strategic partner of Morocco.
  Thus, 76 projects have been approved for the Kingdom until the end of 2020. The latest one concerns an emergency (…)