Arab bank funds development operations in Morocco
22/10/2007
The Board of Directors of the Arab Bank for Economic Development in Africa (BADEA) has earmarked $4.8m to fund six development operations and eleven technical assistance programmes in Morocco, MAP quoted a BADEA press release as saying on Saturday (October 20th). Earlier this year BADEA allocated $141m to finance development projects in infrastructure, agriculture, rural development, health, education, energy and mining in 43 African countries.
In related news Sunday, Morocco signed a memorandum of understanding with the Saudi Fund for Development (SFD) regarding a $50m donation to Morocco's National Initiative for Human Development (INDH). The donation will assist Morocco in generating employment and improving social benefits and services such as health, education, drinking water, housing, and transport in rural communities.





We welcome your comments on Magharebia's articles.
It is our hope that you will use this forum to interact with other readers across the Maghreb. In order to keep this experience interesting, we ask you to follow the rules outlined in the comments policy. By submitting comments, you are consenting to these rules. While Magharebia.com encourages discussion on all subjects, including sensitive ones, the comments posted are solely the views of those submitting them. Magharebia.com does not necessarily endorse or agree with the ideas, views, or opinions voiced in these comments. This is a moderated forum. Comments deemed abusive, offensive, or those containing profanity may not be published.
Magharebia's Comments Policy