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Morocco’s Foreign Debt Now At The Highest This Century

Morocco’s Foreign Debt Now At The Highest This Century

From iOL

Morocco’s foreign debt stood at 224.8 billion dirhams ($26.4 billion) at the end of the first half of 2013, its highest since at least 1998, the finance ministry said.

The North African kingdom has been hit in recent years by the euro crisis, Arab spring and bad weather, which forced the government to borrow from foreign lenders to plug deficits.

Read more at iOL.