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,...
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