MA-Second Capital Market Development and SME Finance DPL (WB-P153603)

  • 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
Bank Risk Rating
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
May 16, 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.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 350.00 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)
$ 350.00 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 8, 2016

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Project Description
This program document for the Second Capital Market Development and Small and Medium-Size Enterprise Finance Development Policy Loan Project has four pillars as follows : (i) Pillar A - Improve access to finance for small and young enterprises; (ii) Pillar B - Strengthen capital markets by improving the institutional framework and broadening the range of instruments; (iii) Pillar C - Improve the financial sustainability of the Caisse Marocaine des Retraites; and (iv) Pillar D - Strengthen oversight of the banking sector. This program supports a private-sector-driven economic model, as well as resilience by helping micro, small, and medium-size enterprises (MSMEs) recover from the European Union’s (EU) economic slump and other recent economic challenges. The program is aligned with the World Bank Group’s Strategy for Middle East and North Africa, which sets an agenda of using development to promote peace and social stability.
Investment Description

Contact Information
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