VOL. XLIII

No. 11

13-March-2000

MOROCCO

Moroccos Compensation Fund Spends MD107Mn To Subsidize Petrol Prices

Despite crude oil prices reaching a nine-year high, the Moroccan Government said on 28 February that it has decided not to increase petrol prices. According to MAP news agency, the move, which will cost Moroccos Compensation Fund an estimated MD107mn ($10.32mn), aims to alleviate pressure on the drought-stricken agricultural sector. According to MAP, this is the fifth time the government...