This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from Hibapress, the Arabic version:
Heba Press
Abdul Latif Al -jawahiri, the governor of Bank Al -Maghrib, announced on Tuesday in Rabat, the launch of a new program aimed at improving bank funding for very small contracts.
This program allows participating banks to take advantage of resettlement at a preferential interest rate.
During a press conference held after the first meeting of the semester of the Bank Al-Maghrib Council for the year 2025, Al-Jawahiri explained that the new program depends on an interest rate of less than 25 basic points of the main interest rate.
The program aims to facilitate the arrival of very small businesses in loans and to improve their role in the creation of employment opportunities, especially since these contracts represent around 88% of the national economic fabric.
In this context, Al -jawahiri referred to a meeting held the sixth March between the Bank Al -Maghrib et al -Bunaq and (financial) to discuss the means to facilitate the financing of very small markets.
He explained that this meeting focused on improving banking procedures, simplifying the study of applications, fixing the response dates, as well as on the “Lahat” program.
The Governor of the Bank Al -Maghrib also stressed that he was intention to hold a meeting with three parties during the first half of the current year with the General Federation of Moroccan markets, with the participation of sectoral federations and banks, in order to define the challenges faced by very small contractions and adaptation of support mechanisms.
Al -jawahiri said that similar consultations had taken place in 2016 and 2019 before stopping due to the health crisis.
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