VOL.XXXVI

NO.44

2-AUGUST-1993

Financial And Banking News

REGIONAL FINANCING

JapanExtends New Credits To Morocco And Algeria

Japan has signed a $128mn loanagreementwithMorocco.

Thefundswillbedisbursed through theofficial credit agency Caisse Nationale de Credit Agricole and will be used

for agricultural and fishing projects.The loan is for30 years,including 10 years'grace, and is priced at 3%. The

Japanese Export Import Bank isexpectedtolendAlgeria Yen27bn ($255mn) to cover most of the costs of...