VOL. XLII

No. 30

26-July-1999

MOROCCO

Arab Monetary Fund Signs Agreement With Morocco For $45Mn

The Chairman of the Arab Monetary Fund (AMF), Mr. Jasimal-Mana'i, signed an agreement on 4 July with Morocco痴 Minister of Economy andFinance, Mr. Fathallah Wal'alu, providing for the disbursement of ArabAccounting Dinars (AADs) 11mn ($45mn) to Morocco. A statement from the AMF saidthat AAD10.787mn ($44mn) will be given in the form of a loan and will be usedtowards reforms in the financial sector,...