VOL. XXX

NO. 22

9-MARCH-1987

Financial and Banking News

AID FLOWS

IBRD Extends Loan for Moroccan Vocational Training Project

The World Bank has announced that it is extending a $22.5mn loan to Moroccofor the financing of a vocational training project costing $28mn whoseimplementation extends until 1992. The loan is to be repaid over 20 years with afive-year grace period.