MOROCCO – Morocco’s Crédit Immobilier et Hôtelier, SA (CIH Bank) and the European Bank for Reconstruction and Development (EBRD) have signed a partnership to assist small and medium enterprises (SMEs). Through the partnership, the two financial entities will commit €40 million (US$46.86 million) towards a financial facility that will provide loans to SMEs whose liquidity has been affected by the raging COVID-19 pandemic. EBRD in a statement said that the facility is in line with EBRD’s and CIH’s commitment to strengthening the resilience of Moroccan small businesses and to alleviate…
Read MoreMorocco’s CIH Bank, EBRD partner to support local business affected by COVID-19
