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The Kingdom of Morocco to Expand Use of World Bank Hedging Products.
- Article from:
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M2 Presswire
- Article date:
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October 23, 2007
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M2 PRESSWIRE-23 October 2007-The World Bank Group: The Kingdom of Morocco to Expand Use of World Bank Hedging Products(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:22102007
Washington - The Government of Morocco and the World Bank have signed a Master Derivatives Agreement that will allow the Government of Morocco to use a range of hedging products to assist in managing the currency and interest rate risks of its sovereign debt portfolio.
"Morocco will have access to an expanded menu of risk mitigation products for its sovereign debt management. Prudent use of hedging products can strengthen government risk management and help reduce vulnerability to financial shocks." ...