A pan-Arab fund lends Morocco 2.27 billion dirham to expand road network

The Arab Fund for Economic and Social Development, a Kuwait-based pan-Arab development finance institution, is lending Morocco 2.27 billion dirham to finance an infrastructure project, Reuters reports.

An agreement was signed, Wednesday, to help the Kingdom upgrade its road network in its eastern provinces, Finance Minister Mohamed Benchaaboun said.

According to the same source, the Arab Fund for Economic and Social Development has concluded 72 agreements with Morocco, lending the country a total of 4.4 billion dirham.