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FinancialNews
16-06-19
2.2 percent jump in Moroccan internal debt
(MENAFN) Morocco reached USD59.05 billion in its internal debt from January to May 2019, marking a 2.2 percent boost, revealed the General Treasury.
This boost was attributed by the treasury to a USD915.8 million net amount from the tender market while investors signed USD5.85 billion and USD5 billion worth of bonds.
However, a lack of financing valued at USD2.6 billion was found by the Moroccan government while executing the 2019 general budget.
Borrowing from the local financial market at USD2.03 billion funded the shortfall along with USD580 million generated by foreign borrowing.
MENAFN1606201900450000ID1098642627
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