Updated
EBRD and BCP step up support for Moroccan industrial enterprises | The Financial
More support for Morocco’s SMEs:
The European Bank for Reconstruction and Development (EBRD) is providing a €100 million loan to Banque Centrale Populaire (BCP) to support industrial small and medium sized enterprises (SMEs) in Morocco.
The EBRD funds for BCP will be on-lent to industrial SMEs operating in the export-oriented Moroccan off-shore zones, as well as the mainland, increasing available funding for this vital sector and helping to integrate Moroccan SMEs into the global economy through export growth, according to EBRD.
Laurent Chabrier, EBRD Director for Morocco, said: “We are pleased to partner once again with BCP to channel funds to industrial SMEs. Improving access to finance for SMEs in the country will help boost their competitiveness, as well as strengthening and reinforcing the manufacturing industry as a major job creator.”..[FULL STORY]