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 |
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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 |
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okr-10986-161262021-04-23T14:03:27Z Supporting Access to Finance for Micro, Small and Medium Enterprises with Partial Credit Guarantees : The Moroccan Experience Aziz, Teymour Abdel ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ADMINISTRATIVE BURDENS BANK CREDIT BANK FINANCING BANKING SECTOR BANKING SYSTEM BANKS BORROWER BRANCH BRANCH NETWORKS BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT SERVICES COLLATERAL COMMERCIAL BANKING CORPORATE PROFIT CORPORATE PROFIT TAX CORPORATIONS CREDIT GUARANTEE CREDIT GUARANTEES CREDIT MARKET CREDIT PRODUCTS ECONOMIC ACTIVITY ECONOMIC CRISIS ELIGIBILITY CRITERIA EMPLOYMENT ENABLING ENVIRONMENT EXPANSION EXPORTERS FEMALE ENTREPRENEURS FINANCIAL ACCESS FINANCIAL DIFFICULTIES FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL SUPPORT FINANCIAL SYSTEM FORMAL ECONOMY GUARANTEE PRODUCT GUARANTEE PRODUCTS GUARANTEE SCHEMES INFORMATION ASYMMETRY INSTRUMENT INVESTMENT LOANS LEASING LEVERAGE LOAN LOAN GUARANTEES MARKET FAILURES MICRO ENTERPRISES MICROCREDIT MICROENTERPRISES MICROFINANCE MICROFINANCE INSTITUTIONS NATIONAL CREDIT PARTIAL CREDIT PAYMENT SERVICES POSTAL BANK PRIVATE EQUITY PROPRIETORSHIPS REGULATORY REFORMS RISK MANAGEMENT RISK MITIGATION SAVINGS SINGLE BORROWER SMALL & MEDIUM ENTERPRISES SMALL ENTERPRISES SMALL FIRMS SME SME FINANCING SOCIAL SECURITY START-UPS TAX INCENTIVES TAXATION TECHNICAL ASSISTANCE TECHNICAL SUPPORT UNION WOMAN WORKING CAPITAL 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. 2013-10-11T20:13:54Z 2013-10-11T20:13:54Z 2013-04 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 English en_US MENA Knowledge and Learning Quick Notes Series;No. 94 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Middle East and North Africa Morocco |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ADMINISTRATIVE BURDENS BANK CREDIT BANK FINANCING BANKING SECTOR BANKING SYSTEM BANKS BORROWER BRANCH BRANCH NETWORKS BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT SERVICES COLLATERAL COMMERCIAL BANKING CORPORATE PROFIT CORPORATE PROFIT TAX CORPORATIONS CREDIT GUARANTEE CREDIT GUARANTEES CREDIT MARKET CREDIT PRODUCTS ECONOMIC ACTIVITY ECONOMIC CRISIS ELIGIBILITY CRITERIA EMPLOYMENT ENABLING ENVIRONMENT EXPANSION EXPORTERS FEMALE ENTREPRENEURS FINANCIAL ACCESS FINANCIAL DIFFICULTIES FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL SUPPORT FINANCIAL SYSTEM FORMAL ECONOMY GUARANTEE PRODUCT GUARANTEE PRODUCTS GUARANTEE SCHEMES INFORMATION ASYMMETRY INSTRUMENT INVESTMENT LOANS LEASING LEVERAGE LOAN LOAN GUARANTEES MARKET FAILURES MICRO ENTERPRISES MICROCREDIT MICROENTERPRISES MICROFINANCE MICROFINANCE INSTITUTIONS NATIONAL CREDIT PARTIAL CREDIT PAYMENT SERVICES POSTAL BANK PRIVATE EQUITY PROPRIETORSHIPS REGULATORY REFORMS RISK MANAGEMENT RISK MITIGATION SAVINGS SINGLE BORROWER SMALL & MEDIUM ENTERPRISES SMALL ENTERPRISES SMALL FIRMS SME SME FINANCING SOCIAL SECURITY START-UPS TAX INCENTIVES TAXATION TECHNICAL ASSISTANCE TECHNICAL SUPPORT UNION WOMAN WORKING CAPITAL |
| spellingShingle |
ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ADMINISTRATIVE BURDENS BANK CREDIT BANK FINANCING BANKING SECTOR BANKING SYSTEM BANKS BORROWER BRANCH BRANCH NETWORKS BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT SERVICES COLLATERAL COMMERCIAL BANKING CORPORATE PROFIT CORPORATE PROFIT TAX CORPORATIONS CREDIT GUARANTEE CREDIT GUARANTEES CREDIT MARKET CREDIT PRODUCTS ECONOMIC ACTIVITY ECONOMIC CRISIS ELIGIBILITY CRITERIA EMPLOYMENT ENABLING ENVIRONMENT EXPANSION EXPORTERS FEMALE ENTREPRENEURS FINANCIAL ACCESS FINANCIAL DIFFICULTIES FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL SUPPORT FINANCIAL SYSTEM FORMAL ECONOMY GUARANTEE PRODUCT GUARANTEE PRODUCTS GUARANTEE SCHEMES INFORMATION ASYMMETRY INSTRUMENT INVESTMENT LOANS LEASING LEVERAGE LOAN LOAN GUARANTEES MARKET FAILURES MICRO ENTERPRISES MICROCREDIT MICROENTERPRISES MICROFINANCE MICROFINANCE INSTITUTIONS NATIONAL CREDIT PARTIAL CREDIT PAYMENT SERVICES POSTAL BANK PRIVATE EQUITY PROPRIETORSHIPS REGULATORY REFORMS RISK MANAGEMENT RISK MITIGATION SAVINGS SINGLE BORROWER SMALL & MEDIUM ENTERPRISES SMALL ENTERPRISES SMALL FIRMS SME SME FINANCING SOCIAL SECURITY START-UPS TAX INCENTIVES TAXATION TECHNICAL ASSISTANCE TECHNICAL SUPPORT UNION WOMAN WORKING CAPITAL Aziz, Teymour Abdel Supporting Access to Finance for Micro, Small and Medium Enterprises with Partial Credit Guarantees : The Moroccan Experience |
| geographic_facet |
Middle East and North Africa Morocco |
| relation |
MENA Knowledge and Learning Quick Notes Series;No. 94 |
| description |
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. |
| format |
Publications & Research :: Brief |
| author |
Aziz, Teymour Abdel |
| author_facet |
Aziz, Teymour Abdel |
| author_sort |
Aziz, Teymour Abdel |
| title |
Supporting Access to Finance for Micro, Small and Medium Enterprises with Partial Credit Guarantees : The Moroccan Experience |
| title_short |
Supporting Access to Finance for Micro, Small and Medium Enterprises with Partial Credit Guarantees : The Moroccan Experience |
| title_full |
Supporting Access to Finance for Micro, Small and Medium Enterprises with Partial Credit Guarantees : The Moroccan Experience |
| title_fullStr |
Supporting Access to Finance for Micro, Small and Medium Enterprises with Partial Credit Guarantees : The Moroccan Experience |
| title_full_unstemmed |
Supporting Access to Finance for Micro, Small and Medium Enterprises with Partial Credit Guarantees : The Moroccan Experience |
| title_sort |
supporting access to finance for micro, small and medium enterprises with partial credit guarantees : the moroccan experience |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
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 |
| _version_ |
1764432211243696128 |