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Morocco plans to enable local banks to offload nearly $10 billion in junk loans via a secondary market, aiming to enhance funding for an economy affected by climate change. A draft bill has been proposed to help banks improve their balance sheets, bolster solvency, and generate new liquidity for other financing activities, pending legislative approval.
Abderrahim Bouazza
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morocco plans to offload ten billion dollars in junk debt through banks
13:01 28.11.2024
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