The EBRD is providing immediate support to companies affected by the impact of the coronavirus. As a first step, the Bank approved a €1 billion solidarity package for existing clients facing temporary difficulties. The program includes, among other measures, short-term capital, refinancing, trade finance and restructuring support, EBRD said in a press release Thursday. The Initiative provides financial support to micro, small and medium-sized enterprises, including innovative start-ups, in the EU Neighborhood South, said the press release. The EBRD launched the Women in Business program in Morocco in 2018.

Source: The North Africa Journal April 10, 2020 15:33 UTC