EBRD launches first key investment under coronavirus response in Morocco

MOROCCO – The European Bank for Reconstruction and Development (EBRD) has lent the Moroccan banking group BMCE Bank of Africa US$156.56 million to support small businesses affected by the coronavirus crisis, through the Resillience Framework initiative.  This is the first investment to be delivered under the EBRD’s coronavirus Resilience Framework that was set up to meet the immediate short-term liquidity and working capital needs of existing clients.  The Framework is a key element in the EBRD’s Solidarity Package Covid-19 response and recovery programme.  Under the agreement with Bank of Africa…

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