Current:Home > InvestMorocco begins providing cash to families whose homes were destroyed by earthquake -Zenith Investment School
Morocco begins providing cash to families whose homes were destroyed by earthquake
TradeEdge Exchange View
Date:2025-04-11 03:11:35
MARRAKECH, Morocco (AP) — Moroccan authorities on Friday will begin providing money to families whose homes were destroyed in an earthquake last month that took nearly 3,000 lives and will require an estimated $11.7 billion in reconstruction funds over the next five years.
After a commission tasked by King Mohammed VI to oversee recovery efforts met earlier this week, the government said an initial monthly payment of 2,500 Moroccan dirhams ($242) will be disbursed starting Oct. 6.
The Sept. 8 earthquake wreaked havoc on rural regions south of Marrakech, where mountain roads remain unpaved and the economy relies on herding and small-scale agriculture. As autumn nights get cooler, many are sleeping outside in donated tents with the daunting task of rebuilding before them.
The payments are among several forms of relief that Morocco plans to provide residents displaced by the earthquake. It will provide temporary rehousing assistance and up to 140,000 dirhams ($13,600) to rebuild destroyed homes. It also plans to rebuild about 1,000 schools and 42 health centers.
The Royal Cabinet said on Sept. 14 that the payments would go to 50,000 households in the affected region. Roughly 4.2 million people live in Marrakech and the five provinces hardest hit by the quake.
Morocco has also pledged to upgrade and widen roads and offer additional assistance to farmers and herders and subsidize barley and animal feed in hard-hit areas.
The earthquake damaged landmarks throughout the region, which is dominated by Morocco’s Amazigh-speaking minority.
Morocco created a special disaster relief fund three days after the earthquake. It is open to state funds and donations from within and outside Morocco, including from governments and aid groups. Additionally, the International Monetary Fund, which is scheduled to convene for its annual meetings next week in Marrakech, approved a $1.3 billion loan to help Morocco bolster its resilience to natural disasters.
veryGood! (142)
Related
- See you latte: Starbucks plans to cut 30% of its menu
- Alabama lawmakers approve tax breaks for businesses that help employees afford child care
- U.S. airman shot and killed by Florida sheriff's deputy
- Mother of Australian surfers killed in Mexico gives moving tribute to sons at a beach in San Diego
- All That You Wanted to Know About She’s All That
- Mother of Australian surfers killed in Mexico gives moving tribute to sons at a beach in San Diego
- When is the 2024 NFL schedule release? Expected date comes in new report
- Horoscopes Today, May 7, 2024
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Winners, losers of NHL draft lottery 2024: Sharks land top pick, right to select Macklin Celebrini
Ranking
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Jurors should have considered stand-your-ground defense in sawed-off shotgun killing, judges rule
- High-voltage power line through Mississippi River refuge approved by federal appeals court
- Easily track your grocery list (and what's in your fridge) with these three apps
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Cardi B Unveils the Unbelievable Dress She Almost Wore to the 2024 Met Gala
- Illinois Lottery announces $4.1 million Lotto winner, third-largest 2024 jackpot in state
- Report says Chiefs’ Rashee Rice suspected of assault weeks after arrest over high-speed crash
Recommendation
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Get Your Buzzers Ready and Watch America's Got Talent's Jaw-Dropping Season 19 Trailer
Charm Necklaces Are The Jewelry Trend of Spring & Summer: Here Are The 13 Cutest Ones To Shop ASAP
'Dreams do come true': Man wins $837K lottery prize after sister dreams he'd find gold
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
CFL suspends former NFL QB Chad Kelly 9 games for violating gender-based violence policy
FAA investigates Boeing for falsified records on some 787 Dreamliners
Hamas says it approves of Egyptian-Qatari cease-fire proposal, but Israel says plan has significant gaps