Supporting Access to Finance for Micro, Small and Medium Enterprises with Partial Credit Guarantees : The Moroccan Experience
Micro, Small and Medium Enterprises (MSMEs) represent an important pillar of the Moroccan economy. Estimates indicate they account for more than 90 percent of all enterprises and contribute to 21.6 percent of total employment. These numbers only re...
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| Format: | Brief |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2013/04/18107386/supporting-access-finance-micro-small-medium-enterprises-partial-credit-guarantees-moroccan-experience http://hdl.handle.net/10986/16126 |
| Summary: | Micro, Small and Medium Enterprises
(MSMEs) represent an important pillar of the Moroccan
economy. Estimates indicate they account for more than 90
percent of all enterprises and contribute to 21.6 percent of
total employment. These numbers only reflect the statistics
of the formal economy: Their contribution to the real
economy is significantly higher if the economic activity of
the informal sector were to be included. Most MSMEs are in
the services sector, followed by manufacturing and trade.
The Moroccan government has acknowledged the importance of
MSMEs for the national economy and has developed a number of
initiatives aimed at improving the enabling environment for
these firms. A new national strategy aimed at promoting the
development of small enterprises was elaborated in 2011,
which includes a simplified taxation system, adapted social
charges, extended social security coverage, and specific
banking products. |
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