Statement of Intent for Small Medium Enterprises signed by Morocco and France

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Last Thursday October 28, France and Morocco signed on a statement of intent on Statement of Intent for Small Medium Enterprises signed by Morocco and Francea funding SMEs to promote financial and the technical collaboration and training.
As authorized by the Ministry of Economy and French counterpart while on his working visa at Morocco, the statement presents to convey resources from the French agreement support fund amounting to 26million Euros.
The agreement goal of the two countries is to ease the international development of enterprises of their own countries.
The concept of the operations is the redeployment of financial cooperation resources worth 16 Million Euros came from the restructuration guarantee support and gives for a totaling of 25 Million Euros in mechanism to progress the SME’s access to lenders.
An added collaboration to protocol was the made by the French Public Investment Bank, the development agency and the other firm is to boost the cooperation to expand the scope and competence of their Risk Sharing Instruments, in addition to the funding of Moroccan SMEs and French ones desires to increase the grip in Morocco.