VOL. XLIII

No. 17

24-April-2000

MOROCCO

Italy Converts $100Mn Of Moroccos Foreign Debt Into Local Investment

Italy has converted $100mn of Moroccos foreign debt into local investments to develop the economy and protect the environment. The decision to convert Moroccan debt, which stands at around $340mn, was reached in Italy last year when Italian Foreign Minister Lamberto Dini and his Moroccan counterpart Mohammad Benaissa signed a debt reduction agreement. A joint committee to coordinate and...