Financial and Banking News
AID FLOWS
West Germany Loans $45mn to Morocco
According to an agreement signed on 2 April, West Germany has agreed to provide Morocco with a DM65mn soft loan ear-marked for financing development projects in agriculture and electric power. The loan is repayable over 30 years and carries a 2% annual interest. A technical assistance grant worth DM16mn was also provided to assist the work of five professional and voluntary associations.
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