MOROCCO SME PUBLIC SUPPORT COVID-19 RESPONSE

Promoteur – Intermédiaire Financier

CAISSE CENTRALE DE GARANTIE

Lieu

• Maroc

Description

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.

Objectifs

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.

Secteur(s)

• Lignes de crédit - Lignes de crédit

Garantie au titre du MPE

This operation is covered by the ELM Guarantee.

Montant BEI envisagé (montant approximatif)

EUR 300 million

Coût total (montant approximatif)

not applicable

Aspects environnementaux

The Bank will require the promoter to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving Bank financing will comply with national legislation and the ElB's Environmental and Social Standards

Passation des marchés

The Bank will require the promoter to take all requisite measures to ensure that any procurement procedures carried out by final beneficiaries for the sub-projects that the Bank finances are in accordance with the Bank's Guide to Procurement.

Statut

Signé - 25/12/2020