Afran : Morocco gets 272 mln euros for power project
on 2009/12/19 11:05:07
Afran

20091218

TUNIS (Reuters) - Morocco won two loans worth 272 million euros from the African Development Bank (AfDB) to finance its electricity network expansion and a reform of its financial sector, the AfDB said on Thursday.

The bank has ramped up lending in response to the global downturn that left some African countries facing budget shortfalls and also led to private finance drying up.

It envisages lending about $10 billion this year and expects total lending to fall to around $7 billion next year.
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