Arab Monetary Fund to provide loans of $211 mln to Morocco, 98$ mln to Tunisia – WAM agency

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DUBAI (Reuters) – The Arab Monetary Fund, a regional lender, has agreed to provide loans of $211 million to Morocco and $98 million to Tunisia to help the North African countries deal with the coronavirus crisis, the United Arab Emirates’ state news agency WAM reported on Friday.

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Both Morocco and Tunisia rely heavily on the hard-hit tourism sector as a source hard currency.

Reporting by Aziz El Yaakoubi; Editing by Jon Boyle

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