Morocco, OPEC Fund Sign €500 Million Development Framework

Agadir – Morocco and the OPEC Fund for International Development have signed a new Country Partnership Framework aimed at supporting the country’s development priorities over the 2026-2028 period. The OPEC Fund is a financial institution established to fund countries beyond its membership. It provides financial support in many areas such as infrastructure, agriculture, health, education, water and climate actions. “With an indicative budget of around 500 million euros over the period 2026-2028, this framework aims to support sustainable growth, strengthen resilience and develop human capital,” Morocco’s Ministry of Economy and Finance announced . The agreement was concluded in Washington, D.C. during a meeting between Morocco’s Minister of Economy and Finance, Nadia Fettah, and the President of the OPEC Fund, Abdulhamid Al Khalifa, on the sidelines of the Spring Meetings of the World Bank Group and the International Monetary Fund (IMF). Al Khalifa said during a ministerial ...