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African Development Bank (AfDB) Grants Morocco €100 Million Loan to Support Financial Sector [Making Finance Work for Africa]

Morocco continues to lead Africa in the effort to improve access to financial services on the continent:

making finance work for africaThe African Development Bank (AfDB) approved on October 1st a loan of €100 million to support phase III of a programme supporting the development of the Moroccan financial sector (PADESFI).

The African Development Bank (AfDB) approved on October 1st a loan of €100 million to support phase III of a programme supporting the development of the Moroccan financial sector (PADESFI III).

This program will create the necessary conditions for inclusive economic growth through the development of the financial sector, the AfDB said in a statement. It specifically aims to improve access to financial services for the most vulnerable segments of the population – namely women and young people, and small businesses…[Full Story]

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