(MENAFN) The World Bank proclaimed an USD350mn program to help wide-ranging reforms of financial intermediation in Morocco, which supports new sources of financing for SMEs.
Additionally, the operation also helps capital market development by increasing the range of instruments and enhancing the protection of Moroccan investors.
Meanwhile, the Second Capital Market Development and Small and Medium Enterprise Finance Development Policy Loan help the expansion of the state's loan to enhance access to finance.
Moreover, the DPL also supports boosted central bank supervision of banks especially those belonging to large financial conglomerates.
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