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TunisiaEuropean Bank for Reconstruction and Development supports small businesses in Morocco
The European Bank for Reconstruction and Development (EBRD) is responding to the impact of the coronavirus pandemic on the Moroccan economy with a US$ 100 million loan to Banque Centrale Populaire (BCP) for on-lending to local private businesses.
The loan is the second in the country under the EBRD Solidarity Package, established to meet the immediate short-term financing needs of existing clients and to strengthen the resilience of the financial sector during the coronavirus crisis.
In Morocco, the EBRD is one of the first financial institutions to develop adequate financial and advisory instruments to alleviate the impact of the pandemic on the economy.
Morocco is a founding member of the EBRD and became a country of operations in 2012. To date, the EBRD has invested €2.4 billion in Morocco through 65 projects.
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Morocco
