Morocco Grants $2.4 Billion in Guaranteed Loans to Support 15,000 Businesses During Pandemic Recovery

Following the implementation of the measures decided by the Economic Monitoring Committee (CVE) aimed at mitigating the effects of the crisis caused by the coronavirus pandemic, two mechanisms have been set up for the benefit of companies.

The "Relance TPE" product is intended to guarantee the loans of VSEs with a turnover of less than 10 million dirhams. No less than 10,756 companies have benefited from it, totaling 2.4 billion dirhams in loans granted, for a commitment volume of 2.3 billion dirhams.

As for the "Damane Relance" product, deployed in favor of small, medium and large companies with a turnover of more than 10 million dirhams, it has benefited 4,427 companies. This mechanism has thus covered a volume of loans of nearly 20 billion dirhams, for commitments of 17.4 billion dirhams.

The "Relance" mechanisms have mainly benefited the industrial sector (33%), followed by the trade and distribution sector (31%), and the construction sector (17%).