Italian credit available for moroccan SMEs
Morocco-Italy, Economics, 4/17/2003

Moroccan Small and Middle-Sized enterprises can benefit from credits from the Italian government to finance up to 100% of their equipment, head of Italy's Investment Promotion Unit (IPU), Serena Massimi, said.

Speaking at an information meeting in Rabat Monday on Italy's credit line and the services and products offered by IPU, Massimi said the amount of such credits can range between 520,000 Dirhams (US$ 52,000) and 21 million Dirhams (US$ 2.1 million), adding that the credits are meant to support SMEs during all the project phases.

The mission of the unit, an Italian body set to manage a credit line opened by the Italian government, also includes supporting technological and industrial partnership negotiations between Moroccan and foreign enterprises and the identification of available financing sources in Morocco.

The Italian credit line has five priorities: job creation, innovation, technological development, joint enterprises and the use of clean energies. (MAP)IS

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