SME development policy and programmes in Morocco
SMEs supporting measures to cope with COVID-19 pandemic consequences
To cope with the socio-economic impact of COVID-19, Morocco created a Special Fund for upgrading the sanitary system and supporting the national economy. An economic committee was set up under the Ministry of Economy and Finance to monitor the economic situation and identify measures to support affected sectors including through the suspension of payment of social charges, specific indemnities, as well as the postponement of payments of bank and leasing credits. To help companies suffering from cash flow difficulties, an additional credit line guaranteed by the State has been activated via the Central Guarantee Fund. In addition, a zero-rate credit line for auto-entrepreneurs was launched and a grant up to 80% of the cost of technical expertise will be provided to industrial MSMEs developing Covid19 responses. READ MORE
SBA coordinator and MED MSME working group
The Small Business Act national coordinator – SBAC in Morocco is Mr Brahim Arjdal - General Manager of Maroc PME. Under his supervision MED MSMEs working groups composed of institutional and private sector representatives have been established to collaborate to the programme implementation, mainly in the areas of access to finance and SME internationalization.
The Working Groups (WG)
In order to ensure that the regional level activities integrate the national priorities on the two specific topics and translate into impact at the country level, the Programme implementation will rely on the establishment - under the coordination of the SBA Coordinators - of at least two working groups in each of the partner countries, one for MSME Access to Finance and one for MSME Internationalisation.
These working groups are formed of relevant policy makers, regulatory bodies, public agencies, representatives of the private sector and – when possible – representatives of the national legislative body; the EU Delegation representatives and relevant development partners will be invited to participate to the working sessions. The working groups will not exceed 15 members of which at least one third will be women.
The working groups are responsible for: