Browsing: Investments in Morocco

EBRD supports three Moroccan enterprises with €300m loans

The World Bank approved $48 million loan to Morocco to help the country in dealing with the effects of the COVID-19 pandemic as it relaxes restrictions in a bid to reopen its economy. 

The loan is part of World Bank’s ongoing programme approved in 2015 for Results project which aims at supporting primary health care services. 

The international financial institution said that through project restructuring, a total of $13.01 million is in undisbursed funds under the programme. The bank further said that from the WBG Fast Track Covid-19 Facility, an additional of $35 million will support Morocco’s COVID-19 health sector response by strengthening detection, prevention, case management and surveillance. 

According to World Bank Maghreb country director, Jesko HentschelMorroco’s government had already taken significant measures to contain the outbreak of the pandemic and lessen the impact on vulnerable households and sectors. 

Hentschel also said that the country