Financial and Banking News
BUDGETS AND REVENUES
Morroco Wins IMF Package
The International Monetary Fund (IMF) approved a SDR230mn ($276mn) loanpackage for Morocco on 16 December, which brings the country's total debt to theIMF to slightly more than $1.2bn, in addition to its foreign debt of $14bn. TheIMF loan was approved after some improvements had been recorded during 1986 inMorocco's economic circumstances, mainly related to bumper crops, increasedtourist...
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