New EBRD programme supports youth entrepreneurship in Morocco

November 23, 2023
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The European Bank for Reconstruction and Development (EBRD) is driving financial inclusion for young entrepreneurs in Morocco through the local launch of its Youth in Business programme.

As part of the programme, the EBRD will channel €100 million in credit lines to six eligible partner financial institutions (PFIs) for on-lending to youth-led micro, small and medium-sized enterprises (MSMEs) over a five-year period. The PFIs will also benefit from results-based compensation of up to 2 per cent.

Supporting youth-led MSMEs in Morocco is essential for the country’s economic growth, as access to finance remains scarce and there are large gaps in financial inclusion among young business owners and managers. According to the market assessment conducted by the EBRD for the program, there is a strong untapped market potential: while 79 percent of young entrepreneurs mention financing as the key obstacle to growing their business, only 22 percent have used a loan and 52 percent plan to use a loan in the future

The new initiative underscores the importance of supporting young entrepreneurs who are bringing new ideas to market and reimagining traditional industries with innovative business models. The Youth in Business programme will strengthen their access to skills development and financing opportunities, unlocking their full potential as drivers of inclusive market economies.

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Countries covered:

  • Morocco