{"id":460822,"date":"2018-07-04T14:11:34","date_gmt":"2018-07-04T13:11:34","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=460822"},"modified":"2018-07-04T14:11:34","modified_gmt":"2018-07-04T13:11:34","slug":"morocco-afdb-approves-e-100-million-line-of-credit-for-bcp","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/07\/04\/morocco-afdb-approves-e-100-million-line-of-credit-for-bcp\/","title":{"rendered":"Morocco: AfDB Approves \u20ac 100 Million Line of Credit for BCP"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The Central People&#8217;s Bank of Morocco (BCP) received this Wednesday, June 27, the approval of the Board of Directors of the African Development Bank (ADB) for a loan of 100 million euros.<\/p>\n<p>A way for the multinational financial institution to support the BCP in its objective to strengthen its business financing activities in the sectors of agriculture, education, health and infrastructure in West Africa, mainly in C\u00f4te d&#8217;Ivoire, Guinea, Mali and Senegal.<\/p>\n<p>Other objectives pursued by the bank through this line of credit remain the improvement of the economic competitiveness of the countries concerned, the production of public revenue and export, as well as the creation of jobs.<\/p>\n<p>A partnership that is welcomed the country manager of the bank in Morocco, Leila Mokaddem, which indicates that &#8220;this mechanism will serve as a lever to strengthen production capacity and boost growth in West Africa, through the financing of private sector development &#8220;.<\/p>\n<p>Note that the BCP group, listed on the Casablanca Stock Exchange, is present in 14 African countries and has several representative offices around the world.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The Central People&#8217;s Bank of Morocco (BCP) received this Wednesday, June 27, the approval of the Board of Directors of the African Development Bank (ADB) for a loan of 100 million euros. A way for the multinational financial institution to support the BCP in its objective to strengthen its business financing activities in the sectors<\/p>\n","protected":false},"author":527297,"featured_media":460827,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12000],"tags":[12840,12338,12340],"class_list":{"0":"post-460822","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-banks-insurance","8":"tag-afdb-en","9":"tag-bcp-en","10":"tag-morocco-en","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Morocco: AfDB Approves \u20ac 100 Million Line of Credit for BCP - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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