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EIB Pledges €1 Billion for Morocco's Earthquake Recovery Efforts

The European Investment Bank (EIB) will lend Morocco 1 billion euros over the next three years to support the north African country's reconstruction efforts (AP)
The European Investment Bank (EIB) will lend Morocco 1 billion euros over the next three years to support the north African country's reconstruction efforts (AP)
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EIB Pledges €1 Billion for Morocco's Earthquake Recovery Efforts

The European Investment Bank (EIB) will lend Morocco 1 billion euros over the next three years to support the north African country's reconstruction efforts (AP)
The European Investment Bank (EIB) will lend Morocco 1 billion euros over the next three years to support the north African country's reconstruction efforts (AP)

The European Investment Bank (EIB) said on Wednesday it will lend Morocco 1 billion euros over the next three years to support the north African country's reconstruction efforts after an earthquake that struck the Al Haouz region on September 8.

This financing is completely aligned with Morocco's ambitious national recovery program, which will mobilize €12 billion over the next five years on a post-earthquake reconstruction plan that includes the upgrade of infrastructure, EIB said in a statement.

The loan announcement was made by EIB’s Vice-President, Ricardo Mourinho Felix, after meeting with Fouzi Lekjaa, Morocco’s Vice-Minister overseeing the Budget on the margins of the World Bank Group-IMF Annual Meetings in Marrakech.

Also present were Lionel Rapaille, EIB's Director of Operations for EU Neighboring Countries, and Adrien de Bassompierre, the EIB representative in Morocco.

The EIB's contribution is underpinned by a vision of resilience and sustainability, the statement said. It added that funds will be used to repair damage from the earthquake and rebuild better, with a focus on resilient and sustainable infrastructure, leveraging the Bank’s resources and expertise.

“As a long-standing partner of Morocco, we aim not just to rebuild what was lost, but also to contribute to laying the foundations for a brighter, stronger and more resilient future across all the regions in Morocco affected by the September earthquake,” said Ricardo Félix, who is responsible for financing in Morocco.

“Our role as the EU bank is not just about providing financing, it is also a strong commitment to advancing development, and supporting resilience and climate action hand-in-hand with our partners,” he added.

 

 

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Families of Israeli Hostages Held in Gaza Start Hunger Strike

Families of Israelis held hostage in Gaza hold banners and photos during a protest near Prime Minister Benjamin Netanyahu's residence in Jerusalem on September 30 (EPA)
Families of Israelis held hostage in Gaza hold banners and photos during a protest near Prime Minister Benjamin Netanyahu's residence in Jerusalem on September 30 (EPA)
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Families of Israeli Hostages Held in Gaza Start Hunger Strike

Families of Israelis held hostage in Gaza hold banners and photos during a protest near Prime Minister Benjamin Netanyahu's residence in Jerusalem on September 30 (EPA)
Families of Israelis held hostage in Gaza hold banners and photos during a protest near Prime Minister Benjamin Netanyahu's residence in Jerusalem on September 30 (EPA)

Family members of Israelis held in Hamas tunnels in the Gaza Strip began a hunger strike, accusing the Israeli government of Prime Minister Benjamin Netanyahu of completely abandoning their cause by waging a brutal war in Lebanon.
They said Israel’s decision to expand the war to the north with Lebanon and possibly to a regional war with Iran, is “a death sentence for their sons and daughters” who were taken captive by Hamas a year ago in Operation Al-Aqsa.
The hunger strike came after the Israeli Army’s Home Front Command ordered a ban on gathering for fear of Hezbollah, Houthis and other parties firing rockets at the protesters.
Despite this decision, some family members of Israeli hostages chose to continue their protest. But there were only a few hundred who participated.
Meanwhile, 18 Israelis continued a hunger strike, demanding a deal that would bring the hostages home.
Danny, the brother of Itzik Algert, one of the hostages in Hamas captivity said he understands that the hunger strike is a desperate move, but added that he cannot remain silent while his brother faces the danger of death in captivity.
“We have a government that does not shy away from committing a crime against its children,” he said. “Demonstrations are now limited and forbidden while the public is indifferent. They will not move until they watch us die, and even then, I'm not sure they will. But, we can't celebrate the holiday while our children suffer,” Danny added.
There are 101 hostages held by Hamas since October 2023, about 31 of whom Israeli officials estimate have died. Their families urge the country's leadership to secure a ceasefire deal that would free the captives before they see more deaths.
The hunger strike was started by activist Orna Shimoni, who is 83 years old. Shimoni became prominent during the first Lebanon war in 1982 when she established a movement called the Four Mothers.
Protesters who joined Shimoni include David Agmon, a retired Brigadier General in the Israeli army, and Rabbi Avidan Freedman.
Those striking are staying outside the Knesset west of Jerusalem.
Michal Deutsch, who is taking part in the protest, accused right-wing activists of attacking and insulting everyone at the hunger strike. She said those activists were sent by the government to harass the strikers.