No. 17



AFESD Grants Morocco $81Mn For Power Station Construction

The Arab Fund for Economic and Social Development (AFESD) has granted Morocco MD840mn ($81mn) for the construction of a power station in the rich farming area of Beni Malli. According to MAP, the Moroccan news agency on 14 April, the loan is part of a Moroccan and AFESD program to upgrade the countrys social and economic infrastructure. The 450-mw pump storage power plant will be built at a cost of...