Morocco to receive USD256mln loan from AfDB| MENAFN.COM

Sunday, 23 January 2022 02:38 GMT

Morocco to receive USD256mln loan from AfDB

(MENAFN) At the aim of backing its inclusive and sustainable agricultural development, Morocco will receive USD235.5 million from the African Development Bank (AfDB), the country's Ministry of Economy and Finance announced Friday.

The loan agreement was made in Rabat at a ceremony chaired by Economy and Finance Minister Mohamed Boussaid, in the presence of Leila Mokadem Farah, resident representative of AfDB national bureau in Morocco.

Boussaid praised the level and quality of the cooperation between the kingdom and the AfDB, which provides "invaluable and constant support" for Morocco in the implementation of basic structural reforms.

The two sides assure their willingness to further boost this exemplary cooperation.


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