{"id":29435,"date":"2020-08-31T09:09:33","date_gmt":"2020-08-31T07:09:33","guid":{"rendered":"https:\/\/ecomnewsmed.com\/?post_type=news&#038;p=29435"},"modified":"2020-08-31T10:57:08","modified_gmt":"2020-08-31T08:57:08","slug":"morocco-47-million-to-help-small-and-medium-sized-businesses-fight-covid-19","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2020\/08\/31\/morocco-47-million-to-help-small-and-medium-sized-businesses-fight-covid-19\/","title":{"rendered":"Morocco: $ 47 million to help small and medium-sized businesses fight covid-19"},"content":"\n  \n    \n      \nThe European Bank for Reconstruction and Development (EBRD) will provide funding of $ 47 million to Morocco to help fight the covid-19 pandemic.\n\n    \n  \n\n\n  \n    \n      \nThe new loan will be used to help small and medium-sized enterprises (SMEs) in Morocco withstand the pandemic that has threatened much of the world&#8217;s economic activity. It will be granted via the local bank CaixaBank which will in turn provide financing to Moroccan SMEs experiencing difficulties to stay afloat during the duration of the crisis.\n\n    \n  \n\n\n  \n    \n      \nThis operation comes at a time when Morocco&#8217;s macroeconomic forecasts are increasingly pessimistic for 2020. According to a study by the High Commission for Planning (HCP), the United Nations system in Morocco and the World Bank, the country is expected to experience its worst economic recession in more than two decades this year, -5.8%.\n\n    \n  \n\n\n  \n    \n      \nAccording to the latest report from the African Union (AU), Morocco has a total of 42,489 cases of coronavirus, for 658 deaths and 29,344 recoveries.\n\n    \n  \n\n\n  \n    \n      \nSource Ecofin Agency\n\n    \n  \n\n","author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","template":"","tags":[5752,5751,5753,5805,5818,5760],"location":[5525],"class_list":["post-29435","news","type-news","status-publish","hentry","tag-business-support","tag-economy","tag-entrepriseslife","tag-finance","tag-investment","tag-mediterranean-exchanges","location-morocco"],"short_url":"https:\/\/bit.ly\/31HU85H","have_related_news":"","chapo":"Morocco will benefit from a loan of $ 47 million from the EBRD to fight against covid-19. The funding will help SMEs whose operations have been hampered by the pandemic.","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/08\/morocco-47-million-to-help-small-and-medium-sized-businesses-fight-covid-19-550x360.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/08\/morocco-47-million-to-help-small-and-medium-sized-businesses-fight-covid-19-550x360.jpg 550w","sizes":"550px","alt":"Morocco: $ 47 million to help small and medium-sized businesses fight covid-19","width":550,"height":360,"ratio":0.75,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/08\/morocco-47-million-to-help-small-and-medium-sized-businesses-fight-covid-19-877x658.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/08\/morocco-47-million-to-help-small-and-medium-sized-businesses-fight-covid-19-877x658.jpg 1170w","sizes":"1170px","alt":"Morocco: $ 47 million to help small and medium-sized businesses fight covid-19","width":1170,"height":658,"ratio":0.75,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Morocco: $ 47 million to help small and medium-sized businesses fight covid-19 - Ecomnews Med<\/title>\n<meta name=\"description\" content=\"The European Bank for Reconstruction and Development (EBRD) will provide funding of $ 47 million to Morocco to help fight the covid-19 pandemic. 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