NO. 15


Financial and Banking News

Regional Financing

Morocco Hopes to Sign IMF Standby Soon, Opening Way to Paris Club

Morocco is negotiating with the IMF for a standby credit facility which ithopes will lead to a rescheduling of official credits by the Paris Club.Morocco negotiated a $100mn standby facility in mid-1990, which opened the wayto a London club rescheduling in September 1990. That facility expired on 31March 1990. The commercial rescheduling covered debts...