NO. 8


Financial and Banking News

Budgets & Revenues

Moroccan Economy Improves Despite Gulf Crisis

Morocco's economy is performing well in 1990 despite the effects of the Gulfcrisis, according to Mr. Mohamed Berrada, the Finance Minister. In a speech tothe country's Parliament on 22 November the Minister said that foreign exchangereserves had risen to $1.4bn from $500mn by the end of September, equivalent totwo months' imports. Revenue from exports, remittances and...