African Development Bank approves 135 mln USD loan to stimulate Morocco's recovery

0 Comment(s)Print E-mail Xinhua, November 25, 2021
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RABAT, Nov. 24 (Xinhua) -- The African Development Bank (AfDB) has approved Morocco a loan of 135 million U.S. dollars to stimulate recovery in the post-COVID-19 era, the official news agency MAP reported Wednesday.

The Board of Directors of the AfDB Group approved the loan to help the North African country by implementing financial inclusion, entrepreneurship, and support program for small and medium-sized enterprises, the report said.

The loan will also enable companies in financial difficulty to resume their activity and safeguard jobs, it added. Enditem

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