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...
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