VOL. XLII
No 50
13-December-1999
MOROCCO
AFESD Lends KD10Mn To Morocco For Airport Expansion
The Arab Fund for Economic and Social Development (AFESD)approved a KD10mn ($32.88mn) loan to Morocco for the expansion of the MuhammadV Airport in Casablanca at a signing ceremony in Rabat on 23 November. Theloan, which is guaranteed by the Moroccan Government and carries a tenor of 22years, an annual interest rate of 4.5% and a grace period of four years, bringstotal funding from AFESD to Morocco to...
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