Financial and Banking News

AID FLOWS

EIB Lends Morocco $7mn for Agricultural Development 

The European Investment Bank (EIB) has agreed to lend Morocco ECU8.5mn ($7mn) to finance agricultural development in the country. The loan, provided for the Caisse Nationale de Credit Agricole (CNCA), is repayable over 16 years and carries an annual interest rate of 8.55%.