Original disclosure @ EIB website
Updated in EWS Sep 9, 2020
Disclosed by Bank Sep 8, 2020
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According to bank provided information, investment is a loan to the Kingdom of Morocco, through the Moroccan Ministry of Economy and Finance (MEF), to support a guarantee scheme for new loans to micro, small and medium-sized enterprises (MSME) as the Final Beneficiaries and Caisse Centrale de Garantie (CCG) as the Promoter. The MEF uses the loan to support CCG's liquidity buffer enabling provision of guarantees to Financial Intermediaries.
The project will contribute to mitigate the negative economic effects of COVID-19 on micro, small and medium-sized businesses. It will support the public guarantee scheme to encourage new loans to MSMEs.
*Contact information not provided at the time of disclosure*
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