Financial and Banking News
IBRD Lends Morocco and Tunisia $118mn
The World Bank has agreed to lend Morocco $90mn to improve and expand thecountry's electricity distribution system. The project, to be implemented duringthe period 1988-94, will assist in rehabilitating, upgrading and expanding thepower facilities of the Office National de l'Electricite (ONE) and five localutilities. The IBRD will also lend Tunisia $28mn to further develop itssmall-and...