NO. 29


Financial and Banking News

Loans & Issues

Morocco and Banks Agree Principles of Debt Rescheduling and Reduction

The long-awaited debt agreement between Morocco and its commercial creditors,announced on 10 April, is the first to offer an Arab country the prospect ofdebt reduction under the American Brady Plan. If implemented, it will reduceMorocco's total debt stock and interest burden, and could open the way for debtreduction in other highly indebted Arab...