The European Investment Bank (EIB) said it is planning to mobilize funds to help strengthen health infrastructure in Morocco.
EIB said support for the private sector is at the heart of the EIB's mobilization in Morocco, in particular through its credit lines with Moroccan financial institutions, whose outstanding amounts to date account for €440 million ($478 million).
These lines of credit dedicated to financing the private sector would be able to provide working capital and liquidity necessary for companies to continue their activities, according. to EIB. EIB has also decided to accelerate the disbursement of loans to support small and medium-sized enterprises.
EIB said the goal is to support the implementation of projects that can help Moroccans fight the effects of COVID-19 both economically and health-wise. This is part of a larger initiative through the European Commission, which aims to help countries outside the European Union cope with the pandemic.
