Financial and Banking News


West German 1987 Aid to Morocco and Jordan

West Germany has agreed to provide Morocco with DM65mn ($36mn) in soft loans and DM16mn ($9mn) in technical assistance in 1987. The loans will be mainly used to import sup- plies for a new power station near Fez (DM45mn) and to develop agricultural projects in arid land (DM20mn). Aid provided to Jordan in 1987 will be composed of DM70mn ($38mn) in soft loans and DM32mn ($18mn) in technical assistance.