European bank grants Morocco 40-mln-euro loan to support small businesses


By Yahya

RABAT, Aug. 17 (Xinhua) -- The European Bank for Reconstruction and Development (EBRD) on Monday approved a 40-million-euro (47-million-U.S.-dollar) loan to support small businesses in Morocco to withstand the COVID-19 pandemic.

According to a statement by the Rabat branch of EBRD, the loan is provided for the local bank CaixaBank, and aims to mitigate the impact of the coronavirus pandemic on the economy.

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