The Moroccan Minister of Privatization and Finance, Fathallah Oualalou, and the German ambassador in Morocco, Roland Mauch, met on Wednesday in Rabat for the signing of financial cooperation agreement, between the two countries. According to this agreement, Germany will grant Morocco a total sum of 98.5 million euros.
<i>Bladi.Net</i> reports that the grant, which will be transferred to Morocco mostly in the form of loans, will be used to finance various projects in Morocco, including development and infrastructure improvement projects.
