|
Morocco posts 6.3% growth in 1998, World Bank reports
Morocco, Economics, 10/5/1999
The Moroccan Gross Domestic Product recorded a 6.3% growth in 1998, estimates in the World Bank annual report say, the highest rate in North Africa and the Middle East.
The report released in Washington underlines the sharp recovery of the economy after a negative growth-rate recorded in the previous exercise mainly due to the drought which adversely affected Moroccan agriculture.
The $ 250 million loan, approved by the World Bank board and the $ 200 million loan by the African Development Bank that followed to back economic and social reform in Morocco are a genuine "vote of confidence," the World Bank said.
The World Bank loan, the largest one in the region this year, is a strong cue to foreign investors as to its support to the Moroccan medium-term economic strategy.
Previous Stories:
European Union Supports Morocco's Agriculture with $ 28 Mln
(10/4/1999)
Moroccan and Spanish trade unions call for consolidation of technical and social cooperation
(10/4/1999)
Morocco attends conference on cultural economies
(10/2/1999)
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
|
