VOL. XXXVI

NO. 38

21-JUNE-1993

Financial and Banking News

AID FLOWS

Morocco To Receive Loans From World Bank And European Investment Bank

The World Bank is to lend Morocco $449mn for infrastructural projects. Theamount will be broken down into $215mn for irrigation and soil preparation onagricultural land, $130mn for housing loans, and $104mn which will be assignedto municipalities and local groups and used to improve infrastructure in variousgovernorates. The $449mn facility is the biggest to be...