MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Funds Advisory Services for Small, Medium-Sized Enterprises (SMEs) in Morocco

The European Bank for Reconstruction and Development (EBRD), a UK-based financial institution that operates in Eastern Europe, Central Asia and North Africa, recently began funding advisory services to support small and medium-sized enterprises (SMEs) in Morocco. EBRD is connecting SMEs to financial and technical expertise in an effort to boost job creation, improve the managerial skills of employees and increase organizational productivity.

To fund these operations, EBRD will access an unspecified amount of funding from the European Union and two EBRD facilities funded by Australia and several European countries, the Southern and Eastern Mediterranean (SEMED) Multi-donor Account and the SEMED Cooperation Fund.

In 2013, EBRD invested EUR 8.5 billion (USD 11.4 billion) in 392 projects across 34 countries.

By Tejas Jain, Research Associate

About the European Bank for Reconstruction and Development (EBRD)

The European Bank for Reconstruction and Development (EBRD) is a multilateral institution headquartered in London, England. The bank began operations in 1991 upon the agreement of 40 countries, and it is owned by 64 countries as well as the European Investment Bank and the European Union as of 2014. It aims to finance operations that are both commercially viable and assist development in Eastern Europe, Central Asia and North Africa. It does this by providing loans, debt securities, equity investments, guarantees and technical assistance to micro- and small businesses via commercial banks and non-bank microfinance institutions (MFIs). In 2013, EBRD invested EUR 8.5 billion (USD 11.4 billion) in 392 projects in 34 countries.

 

Sources and Additional Resources

EBRD, EBRD and European Union step up support for small businesses in Morocco

MicroCapital, August 21, 2014, European Bank for Reconstruction and Development (EBRD) Likely to Loan Morocco’s Banque Centrale Populaire (BCP), Affiliates $133m for On-lending to Micro-, Small, Medium-Sized Enterprises (MSMEs)

MicroCapital, July 29, 2014, responsAbility Loans $13m to Microfinance Institution FONDEP of Morocco

MicroCapital, April 25, 2014, European Bank for Reconstruction and Development (EBRD) May Loan $38m to Raiffeisen Leasing Romania for Micro-, Small, Medium-sized Enterprises (MSMEs)

MicroCapital Universe Profile: European Bank for Reconstruction and Development (EBRD)

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