Financial and Banking News


IBRD Lends $25mn to Moroccan Industry 

The World Bank has agreed to lend Morocco $25.1mn to finance a project to develop the country's electrical and mechanical industries, according to an IBRD statement on 17 January. The project will encourage long-term lending by Moroccan commercial banks for industrial activities and enlarge the role played by the Office for Industrial Development in promoting industry.

Meanwhile, the Consultative Group...