|
Italy to swap us$ 55 million Moroccan debt into investments
Morocco-Italy, Economics, 6/18/2001
An Italian delegation is visiting Morocco to sign this Monday a bilateral agreement to swap a total of US$ 55 million of Moroccan public debt into investments, the Italian embassy announced.
This amount is part of an agreement signed in April 2000 during a visit by King Mohammed VI to Italy to convert into investments US$ 100 million of Moroccan public debt owed to Italy. Investments will be carried out in "socio-economic development" projects in poorest regions.
The first batch will exclusively go to projects in the rural world, mainly farming projects, drinking water facilities, roads, schools and health.
Previous Stories:
Italian economic mission in Morocco by mid-June
(5/29/2001)
Italian business delegation in Morocco Monday
(5/5/2001)
Morocco, Italy sign four cooperation accords
(2/13/2001)
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
|
Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info
|
