Morocco reaps a €200m agri loan

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”.

  • By Michael Turner
  • 17 May 2018

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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