VOL. XXXV

NO. 42

20-JULY-1992

Financial and Banking News

Regional Financing

Morocco Biggest Recipient of World Bank Aid to Middle East

Morocco has received more than $1.5bn from the World Bank during the lastdecade, making it the biggest single recipient of World Bank funding in theMiddle East and North Africa. The figure was given by the President of the WorldBank, Mr. Lewis Preston, on 16 July, during a visit to Rabat. He added that thebank would extend about $500mn to Morocco in each of the...