Southern Neighbourhood

The European Investment Bank (EIB) is stepping up its support for the water sector in Tunisia with two new loans totalling €30 million – a €22 million finance contract signed with Société nationale d’exploitation et de distribution des eaux (Sonede) and an €8 million contract signed with the Republic of Tunisia. Both operations are backed by a guarantee from the European Commission and will help finalise a structural project for drinking water supply in Greater Tunis, the most densely populated region of the country which is faced with growing demand for water.

At the presentation of its 2024 results, the European Investment Bank (EIB) confirmed its role as a key partner in Morocco’s development thanks to longstanding levels of commitment. With €500 million in financing in 2024, up by 56% compared to 2023, the EU bank is stepping up its support for Morocco’s strategic priorities. This level of engagement shows stronger commitment to the sustainable development and economic resilience of the country. Since the beginning of its partnership with Morocco, the Bank has exceeded the €10 billion investment mark, financing major projects in energy, water, transport, education and business support. This symbolic milestone testifies to the EIB’s enduring commitment alongside the Kingdom of Morocco.

The European Investment Bank (EIB) announced significant new commitments to drive sustainable development and economic inclusion across Africa at the 2024 Africa Investment Forum (AIF) held in Rabat, Morocco from 4 to 6 December. With €21 billion invested over the past five years, including €8.9 billion in private sector financing, the EIB is reaffirming its position as a trusted, long-term partner for the continent.