AMF, Morocco ink $276m loan

Moroccan Minister Mohammed Bou Said Rabat - Arab Today The Abu Dhabi-based Arab Monetary Fund (AMF) has extended a loan worth US$ 276 million to Morocco to facilitate government financial structural reform. The loan agreement was signed in the Moroccan capital Rabat yesterday by Moroccan Minister of Economy and Finance Mohammed Bou Said and Director General and Chairman of the Board of AMF Dr. Jassim Al Mannai. The loan will support Morocco's financial structural reform to meet prerequisites of globalisation and integration into the world economy and obligations of free trade agreements. The latest loan brought to 26 the total number of loans of US$ 1.7 bn offered by the AMF to Morocco. Source: WAM