- The government of Morocco will start giving money to people on Friday.
- The disaster’s rehabilitation is expected to cost $11.7 billion over the next five years.
- The IMF will meet there for its annual conference the following week.
The government of Morocco will start giving money to people on Friday whose homes were devastated in the quake that struck the country last month and claimed almost 3,000 lives. The disaster’s rehabilitation is expected to cost $11.7 billion over the next five years.
The government announced this week that an initial monthly payment of 2,500 Moroccan dirhams ($242) will be made starting on October 6 following a meeting of a commission appointed by King Mohammed VI to monitor recovery efforts.
Monetary aid
Rural areas south of Marrakech, whose mountain routes are still unpaved and the economy is based on herding and small-scale agriculture, were severely damaged by the earthquake that occurred on September 8.
Many others are sleeping outside in donated tents as the autumn nights become cooler and they face the overwhelming process of rebuilding.
The payments are one of many types of aid that Morocco aims to offer earthquake-displaced residents. It will offer short-term housing aid and up to 140,000 dirhams ($13,600) to restore ruined dwellings. Approximately 1,000 schools and 42 health institutions would also be rebuilt, according to the plan.
On September 14, the Royal Cabinet announced that 50,000 households in the impacted area would receive the compensation. The five regions most severely affected by the earthquake, including Marrakech, are home to about 4.2 million people.
Aside from promising to rebuild and widen roads, Morocco has also promised to provide farmers and herders with more help, subsidize barley, and subsidize animal feed in areas that have been severely affected. In the region, which is inhabited primarily by Morocco’s Amazigh minority, the earthquake damaged landmarks.
Three days following the earthquake, Morocco established a specific disaster aid fund. State finances, donations, and contributions from governments and assistance organizations both inside and outside of Morocco are all welcome.
A $ 1.3 billion loan was also approved by the IMF to help Morocco increase its ability to withstand natural disasters. The IMF will meet there for its annual conference the following week.
