MAROC

Article Abstract:

Between July 1997 to June 1998, the World Bank granted loans to Morocco for the realisation of four projects. The loans are to be paid back over 20 years. US$ 100mn was lent for a project concerning the development of contractual savings, and US$ 35mn to a second municipal finance project. US$ 10mn was granted to a project to supply rural populations with drinking water. US$ 10mn was granted to a water resource management project. This project focuses on improving the efficiency of the hydraulic infrastructure, on finding the most efficient way to use water resources, on starting up a number of measures against water pollution and, finally, to create an agency for water basins.

Comment:

Morocco: Receives loans from World Bank between 7/97 to 6/98 for the realisation of 4 projects payable in over 20 yrs

Administration of General Economic Programs, Morocco, Foreign Loans-Other Development, Economic development, Foreign loans

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Les deux sucreries de Marromeu la veille du red marrage

Article Abstract:

On the 29 July 1998, Mozambique and Mauritius will sign an agreement regarding the rehabilitation of 2 sugar producing plants belonging to the Marromeu society. The first re-establishment will concern the site based at Marromeu, production is predicted to begin in 2002 with the potential to produce 100,000 tons per year. The production potential at the second site at Luabo is 90,000 tons. The project is promoted by a Mauritian consortium made up of the WEAL, Mon-Loisir and Espitalier-No l groups, which are presently looking funds to finance the MRs 1.6bn project.

Comment:

Mauritius: To sign agreement w/ Mozambique on 7/29/98 for rehabilitation of 2 sugar plants belonging to Marromeu society

Mauritius, Mozambique, Sugarcane Mills, Raw Cane Sugar & Byproducts, Raw sugar

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S n gal Le lait de la discorde

Article Abstract:

The West African Monetary and Economic Union (WAME) is expected to talk over the new customs duties on dry milk in July 1998. The WAME commission and the countries which belong to this union hold differing opinions. Senegal and the Ivory Coast oppose the 5% tax recommended by the commission. Senegal has increased its customs duties from 7% to 25% in order to protect and develop the local milk industry and to reduce the impact of dairy product imports on the balance of trade. Dairy product imports represent 20,000 tonnes for CFA Fr 35bn annually.

Comment:

Africa: West African Monetary & Economic Union is expected to talk over the new customs duties on dry milk in 7/98

Dry Milk, Dry, Condensed, and Evaporated Dairy Product Manufacturing, Africa

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