Arab Maghreb Union states create investment bank

Arab_Maghreb_UnionThe five nations of the Arab Maghreb Union have created a investment bank with capital of $100 million to finance infrastructure projects in the region, Mauritania’s central bank governor said on Wednesday

The investment bank will launch operations by the end of the first quarter 2013, and will partner with the private sector to finance projects in the five nations: Algeria, Libya, Mauritania, Morocco and Tunisia.

“Today it was decided to make this creation effective and to provide Maghreb investment bank…read more

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