Financial and Banking News


US Grants Agricultural Credits to Morocco and Egypt 

The US has provided $250mn in agricultural credits to Morocco under the terms of an agreement signed in Rabat on 1 November. $50mn of the total is to be interest free, with the remainder provided under the standard terms of the US Department of Agriculture's (USDA) export credits.

The USDA announced last week that Egypt had been allocated an extra $89mn in USDA three-year credits for the...