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Morocco Credit Guarantee Corporation Joins 150 Other Financial Institutions to Promote SME Finance

Washington, D.C. January 29, 2019 – Morocco Credit Guarantee Corporation (CCG) became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. 

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Member News: IDB Invest Focuses on the Private Sector
SME Finance Forum member, Inter- American Development Bank (IDB) will work through its “investment arm” IDB Invest to target the private sector. According to the article, IDB will focus on tourism, agribusiness, renewable energy and general manufacturing with a goal of bringing in US$3.5 billion in direct private sector capital. “The IDB Group...
Member News: EIB Signs Agreement to Support Hungarian SMEs
SME Finance Forum member, European Investment Bank, signed four separate loan agreements totaling in €400 million that will benefit several projects. The loans are a part of the ‘Junker Plan’; one agreement worth €25 million will benefit Budapest Bank’s efforts towards increasing lending to Hungarian SMEs. “We are also pleased to sign the first...
IFC Reached Almost $3 Billion in Investment Commitments to SMEs
IFC expanded its investment commitments to throughout Europe and Central Asia with $2.9 billion in investments commitments to help promote access to finance for SMEs. European investments included: $336.4 million to Romania, $190.5 million to Serbia and $129.1 million to Ukraine. According to the article, funds went to benefit the agribusiness...
Member News: The European Investment Bank Partnered With DLL to Support Dutch and Belgian SMEs
SME Finance Forum member the European Investment Bank (EIB) signed an agreement to provide DLL Financial Solutions with €100 million to support Dutch and Belgian SMEs. Over 200 businesses will be able to benefit from lower interest rates due to the funds that will be split from Belgium and the Netherlands, according to the article. Werner Hoyer,...
Member News: FINCA International Launches FINCA Ventures
SME Finance Forum member, FINCA International will help social enterprises by providing patient capital, and pre and post investment support through its program, FINCA Ventures. The impact investing platform is focused on financial inclusion for the unbanked and underbanked. Ami Dalal, Vice President and Managing Director for FINCA Ventures shared...
Member News: EIB signs €375 Million Financing Agreement to Support SMEs
SME Finance Forum member, the European Investment Bank (EIB) signed a financing agreement worth €375 million with the National Bank of Egypt to fund SME investments. According to a release by EIB, the agreement is in line with the Economic Resilience Initiative, which promotes financial inclusion and the creation of sustainable employment...
EBRD Launches Second Polish Sustainable Energy Financing Facility
The European Bank for Reconstruction and Development (EBRD) has launched a €200m sustainable energy financing facility in Poland. The Polish Sustainable Energy Financing Facility (PolSEFF2) is implemented via the country's commercial banks. It will be on-lent through local banks to small and medium-sized enterprises (SMEs). The loans will finance...
Fostering the growing market for SMEs in the clean technology sector
Much of the emphasis on climate change has been on urging countries to act to avoid environmental catastrophe. This new report, “ Building Competitive Green Industries: the Climate and Clean Technology Opportunity for Developing Countries ”, frames responding to climate change as an extraordinary economic opportunity, particularly in developing...
Crowdfunding for Renewables: Game Changer In Europe?
Crowdfunding of renewable energy projects is growing fast in Europe. If this grassroots movement gets organized in time to access the big money available in the next round of cohesion funding, it could have far reaching effects on the European energy sector. In recession era Europe, much talk is of ‘innovative’ or ‘alternative’ financing for...
India: UNIDO to provide technical assistance to SME, other sectors
UNIDO, a UN agency, today said it will provide technical assistance in three major areas including small and medium enterprises (SMEs) and renewal energy, for giving a boost to India's industrial growth.