VOL. XLI
No. 22
1-June-1998
MOROCCO
EIB Lends $36Mn To Morocco
The European Investment Bank (EIB) is to lend ECU34mn ($36.6mn) to Morocco's Fondsd'Equipement Communal (FEC) to help finance small and medium-scale ventures by localauthorities. These ventures are intended to improve the quality of urban life through theconstruction and upgrading of roads. FEC has already received two EIB loans totallingECU11mn ($11.8mn).
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