World Bank Grants Morocco $97.6m
The World Bank has granted Morocco two loans worth 97.6 million dollars to fund projects in the fields of communications and agriculture, reported the official Maghrebe Arab Presse (MAP).
The first loan, worth $65 million, will support the government's program to deepen market liberalization, increase private participation, extend services and strengthen the regulatory environment of the telecommunications sector, said the agency.
The second loan, worth $32.6 million, will help improve income and quality of life of rural communities through small and medium irrigation in Azilal, Khenifra and Al Haouz provinces.
In June 2000, the World Bank approved a 5.3 million-loan to Morocco for a legal and judicial development project.
The project was part of the Moroccan government's comprehensive five-year justice system reform program which aims to improve the enforceability of laws, regulations, and contractual obligations, a statement by the organization said at the time - Albawaba.com.
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