Morocco Water Security Gets US$291 Million European Bank Boost

Africa · Northern Key Facts —The financing. A €250 million loan ($285 million) plus a €5 million grant ($5.7 million), totalling roughly $293.8 million. —The recipient. Morocco’s national water and electricity utility, ONEE, for its drinking water branch. —The guarantee. Tamwilcom, Morocco’s national credit guarantee institution, backs the loan—a first for an EBRD deal in…