Brussels, 26/02/2015 (Agence Europe) - The European Bank for Reconstruction and Development (EBRD) announced in a press release on Monday 23 February that its governing board has approved its first strategy per country. The strategy for Morocco (which is a founder member) inaugurates this series of studies.
The EBRD identifies four priorities that it intends to highlight: growing Morocco's entrepreneurial potential, regional integration, boosting sustainable development and improving sustainable public service capacities and infrastructures, and lastly using capital markets.
The EBRD has so far invested €380 million in 17 projects in Morocco. A credit line of €130 million has been agreed in addition to this, in conjunction with local banks. The bank says it has also provided technical assistance to over 135 local small- and medium-sized enterprises. (Fathi B'Chir)