The Arab Monetary Fund (AMF) extends a new Compensatory Loan to the Kingdom of Morocco, with an amount of Arab Accounting Dinar 41.125 million, the equivalent of approximately USD 166 million, in face of current circumstances
The AMF has completed the launch of “Buna Platform” which aims to support regional financial integration and encourage inter-Arab trade and investments
The AMF extended a new Compensatory Loan to the Kingdom of Morocco, with the amount of Arab Accounting Dinar 41.125 million, the equivalent of approximately USD 166 million. The agreement was signed on Wednesday, January 11, 2023, by HE Nadia Fettah, Minister of Economy and Finance, on behalf of the Kingdom of Morocco, and HE Dr. Abdulrahman A. Al Hamidy, Director General Chairman of the Board of Executive Directors of the AMF, on behalf of the AMF, with the aim to provide financial support to strengthen the country’s financial position and meet emergency needs. The loan was disbursed on Thursday, February 2, 2023