VOL. XXXIX

No. 37

10-June-1996

MOROCCO

World Bank Lends Morocco $190Mn

The World Bank has approved four loans totaling $190mn to Morocco. Three loans worth a total of $150mn will be used for priority social projects in education, health and employment. They are repayable over 20 years. The fourth loan, for $40mn, will finance water and environment projects in the central province of Fez.