Chinese bank loans Morocco $ 13.04 mln to build hospitals

The Chinese Eximbank (Import-EXPORT Bank) has loaned Morocco $ 13.04 million (195 million dirhams) destined to the construction of polyclinics in several parts of Morocco.

The loan accord was initialed Friday in Rabat by Moroccan economy, finance, privatization and tourism minister, Fathallah Oualalou, and Chinese ambassador to Morocco, Xiong Zhanqi.

The loan, extended at preferential rates, will help build eight public polyclinics in different provinces lacking this kind of infrastructure.