VOL. XXXIX

No. 10

4-December-1995

MOROCCO

Morocco Obtains Loans From African And Islamic Development Banks

Morocco announced on 27 November that it had been awarded a loan of $225mn from the African Development Bank (AFDB), repayable over 20 years. The loan will be dispersed in two tranches over the 20-year period and be used to help restructure the country's financial sector. Rabat further announced on 29 November, that the Islamic Development Bank (IDB) had made a loan worth $50mn,...