Moroccan small and medium export business get 200 million French francs

Morocco and France have set up a 200 million FF credit-line to benefit Moroccan small and medium export firms, says a release from the French embassy in Rabat.

This 5.25% flat interest rate investment credit is extended in dhs on a 12-year limit period to help finance new goods and French services with costs not exceeding the 1-15 million FF brackets.

Moroccan bank "SGMB" which runs the line will be processing requests before submitting them to the economic and financial section of the embassy which in turn liaises with the Moroccan department of economy and finance and the French Development Agency (AFD) before okaying project funding.