NO. 50


Financial and Banking News

Loans & Issues

Morocco to Sign First Phase of Debt Rescheduling Accord

Morocco and its commercial creditors have completed negotiations over thefirst phase of a commercial debt restructuring package. The agreement, whichwill be signed in Paris on 20 September and is effective from 5 November, coversthe entire stock of commercial debt incurred before 9 September 1990, amountingto about $3.2bn. The terms of the rescheduling have not...