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Morocco and European Investment Bank negotiate loan
Morocco, Economics, 2/27/1999
Morocco and the European Investment Bank are currently negotiating in Luxembourg the terms of a loan worth 30 million euros, destined to finance the purchase of port equipment.
The loan, to be extended to the Moroccan ports management office (office de l'exploitation des ports/ODEP), will enable the office to improve the infrastructure in eight Moroccan ports. The loan will be paid back over 14 years.
Previous Stories:
Italy agrees to convert $100 million of Moroccan debt into investment
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Morocco and Egypt prepare for high cooperation commission meeting
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Morocco to build 1,500 km of highways by year 2010
(2/25/1999)
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