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FinancialNews


  • 13-02-19

    Morocco inks USD96m loan deal with AfDB

    (MENAFN) Morocco inked a loan agreement with the African Development Bank (AfDB) Group, aiming to open more job opportunities.

    Moroccan Minister of Economy and Finance, Mohamed Benchaaboun penned the loan deal at a value of USD96.6 million with Country Director of AfDB Office in Morocco, Leila Farah Mokaddem.

    Using the loan, Morocco will be funding works on the execution of initiatives related to employment starting this year until 2021.

    Through the deal, the country will open 100,000 job opportunities along with providing 111,000 youth with vocational training.

    MENAFN1302201900450000ID1098112311

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