VOL. XXXII
NO. 12/13
26-DEC-1988/2 JAN1989
Financial and Banking News
AID FLOWS
IBRD Lends Morocco and Egypt $236mn
The World Bank has agreed to lend Morocco $200mn as part of the country'seconomic readjustment program. According to the IBRD, the loan will"finance the medium-term program to secure steady economic growth inMorocco so as to create jobs and ensure a decent living standard for the risingpopulation of the country." Morocco already owes about $18bn, includingabout $4bn to the IBRD. The...
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