Signature of a Loan and Guarantee Agreements in the Kingdom of Morocco

Loan Agreement was signed today in the city of Rabat between Kuwait Fund for Arab Economic Development and the National Office for Railways (O.N.C.F.), whereby Kuwait Fund will make a loan of Kuwaiti Dinars (K.D.) 25 million (equivalent to about U.S.$ 85 million) to assist in financing the High Speed Rail Link (Tangier – Casablanca) Project. A Guarantee Agreement relating to the Loan was also signed between the Kingdom of Morocco and Kuwait Fund.

His Excellency Mr.Khalid Safir, Secr’etaire General in ministry of Economy and Finance signed the Guarantee Agreement on behalf of the Kingdom…read more

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