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Morocco expects $1 bln a year in loans from AfDB in 2013-16

Posted on 09 May 2013

Morocco expects to win $1 billion in loans per year from the African Development Bank (AfDB) over the next four years as the country looks to make full use of the bank’s funds, the Moroccan Finance minister said on Wednesday.
Morocco is keen to develop its energy sources and infrastructure, but it logged a budget deficit of 2.2 percent of gross domestic product in the first quarter and is trying to reform its costly system of food and energy subsidies………………………………………..Full Article: Source

 
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