Financial and Banking News
AID FLOWS
AFESD Lends Morocco $2mn
The Arab Fund for Economic and Social Development (AFESD) has agreed to lend Morocco KD600,000 ($1.97mn), according to an agreement signed on 14 January. The loan, for the improvement of weather and seismological recording methods, carries a 6% annual interest with a maturity period of 15.5 years, including a 3.5-year grace period.
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