Reuters
The European Bank for Reconstruction and Development laid out a four-point plan for Morocco on Monday, one of its newest investment recipients in the bank’s push into Northern Africa.
The EBRD gave no indication of how much money it was likely to provide but said its strategy would focus on developing the country’s capital markets and regions, and improving its infrastructure and “entrepreneurial potential”.
It is the first formal strategy the EBRD has put forward for Morocco, where it has spent 380 million euros on 17 projects over the last two years.
The bank aims to support equity and bond issuance and broaden the range of financial instruments the country offers to make it more attractive to foreign investors, it said.
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(Reporting by Marc Jones; editing by John Stonestreet)
