Italy cancels 20 million Euro debt owed by Morocco

Italy has cancelled 20 million Euros of debts owed by Morocco, announced this Monday Moroccan delegate-minister for foreign affairs and cooperation, Taib Fassi Fihri, following a meeting with an Italian official.

Italy decided to write off this debt in solidarity with Morocco, following the earthquake that rocked last February the northeastern region of Al-Hoceima, Fassi Fihri told MAP at the end of a session with under-secretary of state at the Italian foreign ministry, Alfredo Mantica.

Morocco and Italy have also signed the 2004-2006 program of cultural, scientific and technological cooperation, outlining joint activities in sports, youth, telecommunication, scientific research and culture areas, added the Moroccan official.