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LOANS & CREDITS

Morocco - First Capital Market Development and Small and Medium-Sized Enterprise Finance Development Policy Loan

Media Contacts

Washington DC, April 29, 2014—The World Bank's Board of Executive Directors today approved the following project.

IBRD Loan: US $300.0 million equivalent

Terms: Maturity = 29 years, Grace = 7.5 years

Project ID: P147257

Project Description: The objectives of the project are deepening capital markets by broadening the range of instruments and investors, reforming pension system to ensure continued institutional demand for capital market securities, fostering solutions for the financing of small and young enterprises and consolidating oversight to balance greater access with continued financial stability.