African Development Bank approves $135 mn loan to help Morocco's recovery

by IANS |

Rabat, Nov 25 (IANS) The African Development Bank (AfDB) has approved for Morocco a loan of $135 million to stimulate recovery in the post-Covid 19 era, the official news agency MAP reported.

The Board of Directors of the AfDB Group approved the loan to help the North African country by implementing financial inclusion, entrepreneurship, and support programme for small and medium-sized enterprises, the report published on Wednesday said.

Additionally, the loan will also enable companies in financial difficulty to resume their activities and safeguard jobs, Xinhua news agency reported.

Latest News
Fresh UAPA case against PFI, members Mon, Oct 03, 2022, 01:56 PM
It's halal vs jhatka cut in Karnataka; Hindu activists give call to buy meat from Hindu shops Mon, Oct 03, 2022, 01:41 PM
University students trapped amid clashes in Tehran following protests Mon, Oct 03, 2022, 01:22 PM
Iran to receive $7 billion of its frozen assets Mon, Oct 03, 2022, 12:55 PM
Death toll in Durga puja pandal fire rises to 5 Mon, Oct 03, 2022, 12:45 PM
Indian corporate credit quality remains strong: CRISIL Ratings Mon, Oct 03, 2022, 12:40 PM
Death overs an area where we will be challenged with bat & ball Mon, Oct 03, 2022, 12:38 PM
Djokovic beats Cilic to clinch Tel Aviv Open 2022 title Mon, Oct 03, 2022, 12:32 PM
India logs 3,011 fresh Covid infections, 28 deaths Mon, Oct 03, 2022, 12:24 PM
Clash at garba event in Madhya Pradesh Mon, Oct 03, 2022, 12:08 PM
Bharat Jodo enters day 4 in K'taka; Sonia, Priyanka likely to join Rahul Gandhi Mon, Oct 03, 2022, 12:07 PM
Tesla delivers record 343,830 vehicles in Q3, Musk elated Mon, Oct 03, 2022, 12:05 PM
Coinbase paused transactions in US for hours, restored now Mon, Oct 03, 2022, 11:52 AM
Puducherry govt requests for Power Grid officials to tackle stir by electricity employees Mon, Oct 03, 2022, 11:50 AM
Nearly 1,700 people killed in Pakistan's monsoon rain, flood Mon, Oct 03, 2022, 11:47 AM