Page 267 - MOE ENGLISH PR REPORT - JULY 2024

7/29/24, 3:16 PM UAE and Morocco finalise Cepa terms to boost trade and investment ties | The National
The IMF last year approved a $1.3 billion financing package for Morocco, after a 6.8-

magnitude earthquake hit the North African country on September 8 – its deadliest in

more than 60 years, killing about 3,000 people.

The 18-month funding arrangement will “help Morocco address climate vulnerabilities,

bolster its resilience against climate change and seize the opportunities from

decarbonisation”, the Washington-based lender said at the time.

Morocco is the latest African nation to conclude Cepa terms with the UAE, following

Mauritius, Kenya and Congo-Brazzaville.

The Emirates' Cepa programme is expected to grow the country's exports by 33 per cent

and contribute more than Dh153 billion to GDP by 2031.

https://www.thenationalnews.com/business/economy/2024/07/28/uae-and-morocco-finalise-agreement-to-boost-trade-and-investment-ties/#:~:text=Th… 3/4