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Covid-19: EIB supports private sector in Morocco

The European Investment Bank (EIB) is supporting the national private sector in the face of the new coronavirus Covid19 pandemic. The financial institution announced on Wednesday support for the private sector, notably through its lines of credit with Moroccan financial institutions, whose outstanding amount to date stands at 440 million euros.

These lines of credit will provide working capital and liquidity necessary for businesses to continue their business, says the EIB. This will also exceptionally accelerate the disbursement of loans already signed to support SMEs. The bank is also “ready to further strengthen its support and expertise in the health sector for the acquisition of necessary medical equipment and the strengthening of health infrastructure.”

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