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FinancialNews
14-06-17
World Bank aims USD650mn loans for Morocco
(MENAFN) The World Bank is aiming three main loans for the kingdom for the period of 2018-2022, reaching USD650mn, while these loans awaiting approval.
Meanwhile, the biggest share of these loans will be invested in solar energy, as the World Bank is pumping an USD400mn loan to co-finance Noor Midelt, the largest solar complex in the Noor plan.
Moreover, the bank offers to support this project amid USD200mn loan, which will be awarded by early next year to the Ministry of Agriculture.
In addition, the program plans to enhance the competiveness and profitability of all actors in the agri-food sector, for both agricultural and industrial sectors.
MENAFN1406201700450000ID1095558422
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