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Morocco’s capital market gets EBRD’s $43m support
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Morocco’s capital market gets EBRD’s $43m support
The European Bank for Reconstruction and Development (EBRD) is backing Morocco’s capital markets by investing MAD400 million ($43.3 million) in a local municipal bond issuance. The MAD1 billion bond, issued domestically in local currency by the Casablanca-Settat region, will drive investments under its 2022-27 regional development plan. The EBRD investment will support the Casablanca-Settat region’s diversification of funding sources by tapping…
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