With the aim of developing foreign trade and strengthening the financial capacities of SMEs to access new markets, the African Development Bank (AfDB) has approved an agreement of participation in risks of 70 million dollars with the Banque Centrale Populaire (BCP) of Morocco

The agreement signed between the two banks is a second with BCP and is part of a program entitled “Risk Participation Agreement (50/50) for the benefit of the Banque Centrale Populaire du Maroc”. This program took place in a context of tightening regulatory capital and compliance standards on the continent. This agreement will allow BCP to respond to this problem by supporting local banks on the continent, which are facing a reduction in financing and confirmation lines with their correspondents

The objective of the agreement is to strengthen the capacity of African banks and that of their small and medium-sized enterprise (SME) customers by consolidating relationships of trust between actors in the African banking system in order to accelerate the development of regional and international foreign trade.