Massive Budget for Reconstruction in Earthquake-Affected Areas
In a significant move to aid recovery from the devastating earthquake that struck Morocco, the government has announced a remarkable budget exceeding $11 billion dedicated to reconstruction, rehousing, and socio-economic development in the regions affected by this tragic disaster. The earthquake, which registered a magnitude of 6.8, struck the Al-Haouz province, located just south of Marrakech, on September 8, 2023. The natural calamity resulted in the loss of nearly 3,000 lives, while injuring thousands more and displacing many families.
According to an official statement released on September 20, 2023, the Moroccan government intends to allocate a staggering 120 billion dirhams (equivalent to approximately $11.7 billion) over the next five years. This financial commitment aims to assist around 4.2 million individuals who have been significantly impacted by the earthquake's aftermath. The funds will be utilized for several critical initiatives, including rehousing affected residents, reconstructing destroyed homes, and restoring essential infrastructure that has been compromised due to the earthquake.
This comprehensive recovery plan was discussed during a high-level meeting led by King Mohammed VI, emphasizing the urgency and importance of addressing the needs of those affected by this catastrophic event. The earthquake has obliterated thousands of homes across central Morocco, particularly in the High Atlas mountain range, leaving many families vulnerable and exposed as the winter season approaches. The government's proactive measures reflect a commitment to rebuilding lives and communities in the wake of such overwhelming loss.
As reported by arabnews.pk.
