Moroccan Debt Administration

The Moroccan Debt Administration (French: administration de la dette marocaine), formally known as the Contrôle de la dette from 1904 to 1910 and after that as the Administration du Contrôle de la dette publique mahghzénienne (referring to the Moroccan monarchy as the Makhzen), was an entity set up by the French government in 1904 to administer the sovereign debt of the Moroccan Monarchy. == History == The Moroccan Debt Administration originated in 1904, as Morocco's sovereign debt, which had increased significantly following the Hispano-Moroccan War (1859–1860) and the First Melillan campaign of 1894, was restructured by the Banque de Paris et des Pays-Bas (BPPB) in coordination with the French government.

Source: Wikipedia — Moroccan Debt Administration (CC BY-SA 4.0)