Financial and Banking News


IBRD/IDA Lend $56mn to Morocco and Mauritania

The World Bank (IBRD) and its soft-loan affiliate, the International Development Agency (IDA), have agreed to lend Morocco and Mauritania $56.15mn, according to a statement issued on 26 March. The IBRD will lend Morocco $27mn to modernize the Jerada coal mine facilities, with the $74mn project being co-financed by Charbonnages du Maroc ($26.5mn), West Germany ($12.9mn) and France ($7.6mn). The loan is for...