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    Reference: 20200322
    Release date: 30 June 2020

    Promoter – Financial Intermediary

    MINISTERE DE LA SANTE

    Location

    Description

    The project consists of financing of eligible costs incurred by the government of Morocco in relation to the COVID-19 pandemic. This includes acquisition of medical equipment, medical supplies, drugs and logistics, as well as the strengthening of medical health system with pandemic preparedness interventions.

    Objectives

    The project is supporting the National surveillance and response plan to fight COVID-19 of the Moroccan Government. The epidemic of COVID-19 is anticipated to trigger severe shortages in the epidemiological area, healthcare services delivery and supply of critical consumables in an already underfinanced and stretched health sector.

    Sector(s)

    • Health - Human health and social work activities

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 200 million

    Total cost (Approximate amount)

    EUR 230 million

    Environmental aspects

    The promoter will implement the project in accordance with the EIB's Environmental and Social principles and standards.

    Procurement

    The promoter will implement the project in accordance with the EIB's Guide to Procurement.

    Status

    Signed - 23/07/2020

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Morocco Health