VOL. XLI

No. 17

27-April-1998

MOROCCO

Morocco Signs $183Mn Loans

The European Investment Bank, the long-term finance arm of the European Union,announced on 22 April that it will extend a Dh1.3bn ($134mn) long-term loan to Morocco toupgrade the country's enterprises and extend the power network. Of the total grant,Dh820mn ($84.5mn) will be devoted to the Office National d'Electricite (ONE), thestate-owned electricity office, for expansion projects. On 13 April, Morocco also signed aDh500mn...