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- Operations
- Line of credit to Bank Nationale pour le Developpement Economique
Line of credit to Bank Nationale pour le Developpement Economique
Morocco
| Borrower | Morocco |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Financial |
| Approved | 15.11.1978 |
| Signed | 28.12.1978 |
| Status | Completed |
| Loan Administrator | IBRD |
| Executing Agency | Banque Nationale pour le Développement Economique |
| Co-financiers | KFAED, IBRD, EIB |
| OPEC Fund Contribution (US$m) | 2.00 |
| Total Project Cost (US$m) | 75.00 |
The line of credit is designed to create industrial employment at a reduced cost by providing resources to small scale entrepreneurs who would otherwise have difficulty in securing sufficient financing for their enterprises.