VOL. XXXII

NO. 12/13

26-DEC-1988/2 JAN1989

Financial and Banking News

AID FLOWS

IBRD Lends Morocco and Egypt $236mn

The World Bank has agreed to lend Morocco $200mn as part of the country'seconomic readjustment program. According to the IBRD, the loan will"finance the medium-term program to secure steady economic growth inMorocco so as to create jobs and ensure a decent living standard for the risingpopulation of the country." Morocco already owes about $18bn, includingabout $4bn to the IBRD. The...