Morocco signs $282 mln financing agreements with African Development Bank -MAP

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Morocco signs $282 mln financing agreements with African Development Bank -MAP
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Morocco has signed three financing agreements with the African Development Bank worth more than 2.9 billion dirham ($281.96 million), Morocco state news agency (MAP) reported on Tuesday.

The first agreement would finance a health infrastructure program with about $126.4 million, while another agreement would support a social coverage program with about $155.6 million.

The third agreement is for financing an emergency assistance project following the deadliest earthquake in the country's recent history in September, with $1 million.Japan's Mitsubishi Motors said it will end production of its cars at its joint venture in China and transfer its stake in the unit to its Chinese partner, becoming the latest foreign automaker to cut back its operations in the world's top auto market.

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