In response to the deadly earthquake, which occurred in the Al-Hoceima region of Morocco on February 23, 2004, the Board of Directors of the African Development Bank (ADB) has approved an emergency grant of $500,000 for the Arab state.
The assistance, obtained from ADB's Special Emergency Relief Fund, is intended to meet part of the foreign currency cost of humanitarian aid for the victims of the earthquake. A mission of experts will visit Morocco to assess complementary interventions that could be undertaken by the bank within the framework of its emergency assistance.
The objective of the mission will be to collect information on the inventory of human and material destruction, prepare estimates of the needs of the population affected by the disaster and discuss the priority areas of intervention with the government
ADB commenced operations in Morocco in 1970. To date, the
bank has extended $4.6 billion worth of funds to the nation. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
