IFC and Morocco partner to develop access to finance in Africa

Sep 26, 2014

The International Finance Corporation (IFC ) has partnered with the Central Bank of Morocco (Bank Al Maghrib) to expand access to credit for small and medium-sized enterprises (SMEs) in Africa.

The International Finance Corporation (IFC) has partnered with the Central Bank of Morocco (Bank Al Maghrib)
to expand access to credit for small and medium-sized
enterprises (SMEs) in Africa.

They have organised an international symposium to train African and MENA central banks and financial regulators on financial infrastructure and risk management that will help smaller businesses gain access to finance and boost economic growth.

The event, which took place from September 22nd to 25th in Rabat, brought together some 40 international experts and 150 attendees from 35 central banks and 50 countries.

“This event will present the sizeable benefits of credit bureaus and collateral registries,” said Joumana Cobein, IFC Country Manager for the Maghreb region.


“Thanks to information sharing between financial institutions, regulators, and other financial parties, these tools contribute to expanding access to finance for households and MSMEs in emerging economies by simplifying the decision-making process and reducing credit costs and payment defaults," she added.ADNFCR-2976-ID-801750836-ADNFCR