Current:Home > MarketsCharles H. Sloan-Morocco begins providing cash to families whose homes were destroyed by earthquake -GrowthSphere Strategies
Charles H. Sloan-Morocco begins providing cash to families whose homes were destroyed by earthquake
Indexbit View
Date:2025-04-10 10:10:12
MARRAKECH,Charles H. Sloan 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! (79222)
Related
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Al Pacino, 83, Welcomes First Baby With Girlfriend Noor Alfallah
- Southern Cities’ Renewable Energy Push Could Be Stifled as Utility Locks Them Into Longer Contracts
- Michael Cera Recalls How He Almost Married Aubrey Plaza
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Be on the lookout for earthworms on steroids that jump a foot in the air and shed their tails
- Clothes That Show Your Pride: Rainbow Fleece Pants, Sweaters, Workout Leggings & More
- Cryptocurrency giant Coinbase strikes a $100 million deal with New York regulators
- Trump wants to turn the clock on daylight saving time
- Abortion pills should be easier to get. That doesn't mean that they will be
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- How the Paycheck Protection Program went from good intentions to a huge free-for-all
- UFC Fighter Conor McGregor Denies Sexually Assaulting Woman at NBA Game
- Fighting Attacks on Inconvenient Science—and Scientists
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Jobs Friday: Why apprenticeships could make a comeback
- Damar Hamlin's 'Did We Win?' shirts to raise money for first responders and hospital
- 3 reasons why Seattle schools are suing Big Tech over a youth mental health crisis
Recommendation
See you latte: Starbucks plans to cut 30% of its menu
How to keep your New Year's resolutions (Encore)
Chinese manufacturing weakens amid COVID-19 outbreak
FTC wants to ban fake product reviews, warning that AI could make things worse
See you latte: Starbucks plans to cut 30% of its menu
Warming Trends: What Happens Once We Stop Shopping, Nano-Devices That Turn Waste Heat into Power and How Your Netflix Consumption Warms the Planet
Chinese manufacturing weakens amid COVID-19 outbreak
Analysts Worried the Pandemic Would Stifle Climate Action from Banks. It Did the Opposite.