The World Bank has approved 150 million U.S. dollars for Morocco. 100 million dollars will be used to develop systems to help double the impact of poverty reduction programmes, and contribute to savings of over 30 million dollars per year, as program resources will be allocated only to the most vulnerable households and individuals.
The other 50 million dollars will help address a market gap in the supply of equity financing, for innovative Small and Medium sized Enterprises (SMEs).
The money will be invested in innovative startups and SMEs through private funds, to select promising investments.
