NO. 51


Financial and Banking News

Budgets & Revneues

Morocco Reschedules $1.3bn of Official Credits

Morocco has reached agreement with its official creditors in the Paris Clubto reschedule $1.3bn in loans and trade credits. The deal covers paymentsfalling due between 31 December 1989 and 31 March 1991 and includes arrears onprevious official reschedulings. The last time Morocco rescheduled officialdebts was in October 1988 in a deal covering $940mn in payments...