Piloting Equity Financing for SMEs in Morocco (WB-P150928)

Countries
  • Morocco
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 10, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Morocco
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 23, 2017

Disclosed by Bank Mar 4, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
The project development objective is to facilitate increase of private early stage equity finance for innovative small and medium enterprises (SMEs) in the project area.
Investment Description
  • World Bank (WB)
Contact Information
Project Contacts Contact: Randa Akeel Title: Senior Financial Sector Econom Tel: 473-4152 Email: rakeel@worldbank.org Borrower/Client/Recipient Name: Ministry of Economy and Finance Contact: Nouaman Al Aissami Title: Deputy Director Department of Tresury and Finance Tel: +212 5 37 67 75 01 Email: n.alaissami@tresor.finances.gov.ma Accountability Mechanism of the World Bank The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.