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LOANS & CREDITS

Morocco - Second Capital Market Development and Small and Medium-Size Enterprise Finance Development Policy Loan

May 16, 2017

WASHINGTON, May 16, 2017 - The World Bank’s Board of Executive Directors today approved the following project:

Morocco - Second Capital Market Development and Small and Medium-Size Enterprise Finance Development Policy Loan

IBRD Loan: US$350 million

Loan Maturity: 25 years Grace period: 4.5 years

Project ID: P153603

Project Description: The program development objectives (PDO) are to: (a) improve access to finance for small and young enterprises; (b) strengthen capital markets by improving the institutional framework and broadening the range of instruments; (c) improve the financial sustainability of the Caisse Marocaine des Retraites (Mandatory Pension Fund for Civil and Military Services); and (d) strengthen the oversight of the banking sector.


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

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