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

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On October 28, Thursday,France and Morocco signed on a statement of intent on

Statement of Intent for Small Medium Enterprises signed by Morocco and Francea funding small and medium enterprises to encourage technical and financial collaboration and training.

As certified by the Ministry of Economy & French counterpart while on his working visa at the kingdom, the statement presents to convey resources from the French agreement support fund that accounts to 26M 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 finance cooperation resources valued at sixteen Million Euros came from the restructuration guarantee support and gives for a totaling of 25M 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 dev’t agency and the other firm is to boost the cooperation to expand the coverage and competence of their Risk Sharing Instruments, in addition to the financial support of Moroccan SMEs & French ones desires to increase the grip in Morocco.