Morocco is expected to propose an international bid in mid-July with the objective of syndicating a $500 million loan, according to recent reports in Al-Hayat daily.
The proposal, which will be made available to international banks and insurance companies, signifies the kingdom’s return to international financial markets.
The Moroccan treasury, commissioned by the loan proposal applications, has approached various international banks to evaluate the predicted incoming foreign investments, expected to reach $3 billion by the end of 2001. —(MENA Report)
© 2001 Mena Report (www.menareport.com)
© 2000 - 2019 Al Bawaba (www.albawaba.com)