WB grants two loans to Morocco for transport and agriculture
18 March 2011
Tuesday March 15 2011: the World Bank has granted two loans to a total value of 342 million dollars to Morocco, which will be used to finance modernization projects in the sectors of agriculture and urban transportation.
The first loan, in the amount of 205 million dollars, will finance several programs to improve the effectiveness of local markets, of services in the agricultural sector, of water management and the planning of irrigation infrastructures across the Kingdom, reports the MAP press agency.
The second loan, to the value of 136.7 million dollars, will go to improve the effectiveness of urban transport in the large cities of Morocco.
It will enable projects to be carried out to improve the efficiency and the provision of urban transport services and infrastructures, in collaboration with the French Development Agency (AFD) and the European Investment Bank (EIB).