Morocco’s debt at $19.8b in 2010
Morocco’s public
foreign debt stood at $19.8 billion at the end of the third quarter of
2010, up from $19.4 billion at the end of 2009 and at its highest since
at least 2005, the finance ministry said on Friday.
Morocco plans to
disburse $2.1 billion to service foreign debt in 2011, $2.2 billion in
2012, about $2 billion annually in 2013 and 2014, $1.9 billion in 2015,
$1.8 billion in 2016 and $2.3 billion in 2017, the data published by
the ministry showed.
A total $549 million will be paid to service the foreign debt in the fourth quarter, it added.
Public foreign debt
stood at $19.4 billion by the end of 2009 and $17.9 billion by the end
of the second quarter of 2010. The ministry did not explain the
quarter-to-quarter rise in foreign debt. Morocco in September sold a
1-billion euro Eurobond with a 10-year maturity.
Public foreign debt
is the sum of debt owed by the treasury and guaranteed loans granted by
foreign lenders to Moroccan government institutions, banks and local
councils.
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