Financial and Banking News
BUDGETS AND REVENUES
Moroccan Agreement with Paris Club Completed
Morocco has reached agreement with its foreign creditor governments under theaegis of the Paris Club. A total of $940mn worth of debts to 11 countries havebeen rescheduled over 10 years with a five-year grace period. The agreementcovers payments of interest and principal due during the second half of 1988,some of which have already been rescheduled once. All debts falling...