BMCE Bank of Africa obtains EUR 145 mln from EBRD for SMEs

Vlad Macovei

23 Apr 2020 / 5 Min Read

The ERBD (European Bank for Reconstruction and Development) aims to help Moroccan SMEs experiencing a decrease in activity, turnover, and profitability to address their liquidity needs, as part of the bank’s COVID-19 Solidarity Package.

The European bank is also increasing an existing uncommitted multi-currency trade finance limit by EUR 46.2 million to facilitate export and import transactions. Morocco is, as a result, the first EBRD country of operations to benefit from the bank’s coronavirus Resilience Program Framework.

Countries:

Morocco

Vlad Macovei

23 Apr 2020 / 5 Min Read

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