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.