Morocco reaps a €200m agri loan

Morocco px230
By Michael Turner
17 May 2018

Morocco has landed a €200m loan from the African Development Bank that will go towards the country’s agriculture industry, a sector that Standard & Poor’s recently said was part of the reason the sovereign’s credit rating remains “constrained”.

The new financing will be used to implement strategies for agriculture, environment, employment and vocational training.

It falls under the AfDB’s new Programme for Supporting the Inclusive and Sustainable Development of Agricultural Value Chains.

The project will encourage more than Dh4bn (€359m) of private investment ...

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