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LOANS & CREDITS

Morocco - Financing Innovative Startups and Small and Medium Enterprises Project

March 10, 2017

WASHINGTON, March 10, 2017 - The World Bank’s Board of Executive Directors today approved the following project:

Morocco - Financing Innovative Startups and Small and Medium Enterprises Project

IBRD Loan: US$ 50 million

Terms: Maturity 25 years, Grace 5 years

Project ID: P150928

Project Description: The proposed loan would facilitate the increase of private equity and quasi-equity finance for innovative startups and small and medium enterprises (SMEs). The project will help young and innovative SMEs develop to the stage where they are able to demand larger amounts of financing available in the market. It will also support angel investors. 


Media Contacts
Will Stebbins
Tel : (202) 458-7883
wstebbins@worldbank.org

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