The Central People’s Bank of Morocco (BCP) received this Wednesday, June 27, the approval of the Board of Directors of the African Development Bank (ADB) for a loan of 100 million euros.
A way for the multinational financial institution to support the BCP in its objective to strengthen its business financing activities in the sectors of agriculture, education, health and infrastructure in West Africa, mainly in Côte d’Ivoire, Guinea, Mali and Senegal.
Other objectives pursued by the bank through this line of credit remain the improvement of the economic competitiveness of the countries concerned, the production of public revenue and export, as well as the creation of jobs.
A partnership that is welcomed the country manager of the bank in Morocco, Leila Mokaddem, which indicates that “this mechanism will serve as a lever to strengthen production capacity and boost growth in West Africa, through the financing of private sector development “.
Note that the BCP group, listed on the Casablanca Stock Exchange, is present in 14 African countries and has several representative offices around the world.
