Morocco and the EIB

Morocco also benefits from EIB support through the Economic Resilience Initiative (ERI). Under ERI, we support regional integration and stability by investing in higher education, research and innovation. Through our €70 million loan to the EuroMed University, flanked by a €13 million grant from the European Union’s Neighbourhood Investment Facility, over 6 000 students from all the Euro-Mediterranean countries can study with lower tuition fees at a brand new eco-campus in Fez, while benefitting from international mobility and double diplomas. During the COVID-19 health crisis, a 500 000 euro grant to the University financed 3D printers to produce reusable protective medical masks for hospitals, as well as IT equipment for 422 scholarship students to ensure continued education.