VOL. XXXVI
NO. 46
16-AUGUST-1993
Financial and Banking News
REGIONAL BANKING
King Hasan Orders Audit Of Loss-Making State Firms
King Hasan of Morocco has told his cabinet to arrange a full study ofstate-owned companies so as to give a clear picture of their financial health.In a letter to a cabinet meeting held on 5 August, the King said that the statecompanies "should no longer be a burden on the tax payer but on thecontrary a source of profit for everyone." He said the audit, which shouldbe...
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