The World Bank has awarded Morocco a $200 million loan to support the second phase of that country's Industrial and Trade Policy Adjustment Program.
The program aims to improve productivity and sharpen the competitiveness of Moroccan industry, to promote the country's exports and to expand domestic savings.
These policies are expected to improve Morocco's balance of payments, increase national savings and progressively improve the general ecomomic climate.
The $200 million loan will be used to help finance vital imports during 1985-86.
*The World Bank has awarded Chile a $100 million loan to improve the efficiency of that country's industrial operations by restructuring selected firms.
The loan will finance creation of a technical unit within Chile's Central Bank to manage the corporate restructuring and funding of eligible businesses.
The government and other sources will provide the remaining funds for the project, which is expected to cost a total of $300 million. Export-Import Bank
*The Export-Import Bank will assist in financing $135.3 million of U.S. goods and services required for the design, engineering, construction and start-up of the Rio Zulia-to-Covenas portion of a major pipeline in Colombia.
The initial leg of the pipeline, from the oil field to Rio Zulia, is under construction.
Empresa Colombia de Petroleos and Occidental de Colombia awarded the turnkey contract for the 300-mile section of the pipeline to Overseas Bechtel Inc. of Houston.
As the primary contractor, Bechtel will procure supplies and materials and provide construction, management and engineering services.
The total cost of the pipeline is estimated at $384.5 million. A consortium of banks led by the Industrial Bank of Japan is expected to provide private credit.
-- Fraser Jones