VOL. XLVI

No 28

14-July-2003

MOROCCO

ENERGY FINANCE

AFESD Lends Morocco $67Mn For Rural Electricity Project

The Arab Fund for Economic and Social Development (AFESD) on 7 July signed a loan agreement with Morocco for KD20mn ($67mn) to help finance a rural electricity project in the kingdom. The project will supply electricity to a number of villages in various part of the country to meet increasing demand, and will include the construction of distribution networks using medium and low-voltage...