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Islamic Finance Briefing - Categorized | Banking, Finance more

Morocco agrees $2.4 bln loan deal with IDB

Posted on 24 April 2013

Morocco expects to sign a $2.4 billion loan deal next month with the Saudi-based Islamic Development Bank (IDB), a Moroccan official told Reuters on Tuesday.
The North African country has agreed a package with the IDB under which it will receive $600 million each year from 2013 to 2016, said the official, who declined to be named. A small part of that sum will be a donation rather than a loan………………………………………..Full Article: Source

 
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