Rabat: Nadia Calvi±o, President of the European Investment Bank (EIB) Group, announced that the Bank plans to mobilize £700 million in investments in Morocco during 2026. “Our partnership is now gaining significant momentum. Over the past five years, the EIB Group has tripled its financing in Morocco. This year, we are targeting more than £700 million in investments,” Calvi±o said in an interview with MAP during her first official visit to Morocco as President of the EIB.

According to Agence Marocaine De Presse, Calvi±o recalled that since launching its operations in Morocco in 1979, the EIB has invested more than £12 billion across a wide range of sectors, including energy security, innovation, and education. She cited flagship projects supported by the Bank, including the Tanger Med Port, the Noor Ouarzazate Solar Complex, the Euro-Mediterranean University of Fez, and the Medusa submarine fiber-optic cable.

Calvi±o noted that this momentum reflects a strong alignment between shared priorities, whether in building more resilient infrastructure through the modernization of transport networks, supporting the private sector, or advancing education and rural schooling, particularly for girls.

According to the EIB President, the Bank is advancing EU-Morocco priorities through its unique ability to combine loans, technical assistance, and European financial instruments-including grants and guarantees-to translate political ambitions into concrete projects that directly benefit citizens and businesses.

Calvi±o also announced that in 2027, the EIB will assume the presidency of the multilateral development banks. She emphasized the importance of win-win partnerships such as the one with Morocco, stating that cooperation based on trust, aligned priorities, and tangible results provides a solid foundation for future action.