Fifth Line of Credit to the "Banque Nationale pour le Développement Economique"


Project Summary

Approval Date 24 Sep 1986
Signature Date 18 Dec 1986
Planned Completion Date 31 Dec 1996
Last Disbursement Planned Date 31 Dec 1996
Sovereign / Non-Sovereign Non-Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 49,996,958.1
Status Completion

Project General Description

This credit line is intended to finance the direct and indirect foreign exchange costs of the various PMI sub-projects in the intervention sectors of the National Bank for Economic Development (BNDE). BNDE is the link between the Government and investors, having regard to the orientations expressed by the government. This line of credit will finance SMIs whose principal characteristics is to earn or save foreign exchange; these projects will involve new creations, the extension of restructuring of viable and soundly managed entreprises, so as to enable them to be competitive within the context of the on-going liberalization measures.

Project Objectives

The purpose of the fifth line of credit is to help in restoring the equilibrium of the balance of payments which the Moroccan Government is carrying out as part of its structural adjustment policy in conjunction with the rescheduling of its external debt.

Beneficiaries

The beneficiaries of the project are: BNDE, SMIs and the Moroccan Government.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-MA-HAA-005
Last Update 28 Oct 2020

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Geographic Location

Country Morocco