EIB Approves Euro 123Mn Loan To Morocco
The European Investment Bank (EIB) announced on 10 May thatit had approved a loan of euro 123mn to Morocco to finance environmentalprotection and industrial modernization. Of the total, euro 100mn will beallocated to the Office Cherifien des Phosphates (OCP) to upgrade itsfacilities in Morocco. OCP is a state corporation that holds the monopoly forthe mining, processing and marketing of Moroccan phosphate. The remaining...