Financial and Banking News

AID FLOWS

IBRD Lends $200mn for Moroccan Trade Program

The World Bank has agreed to lend Morocco $200mn to finance the second phase of Morocco's Industrial and Trade Policy Adjustment Program, according to an announcement on 11 July. In addition to financing vital imports during FY 1985-86, the program includes a series of steps that will lift protectionist measures and reform the financial system.