The World Bank (WB) has granted Morocco a loan of euro 133 million to support the financial sector.

The loan, whose agreement was signed on Monday in Rabat, aims at propping up government's efforts to promote long-term savings and strengthen financial supervision.

It is also intended to facilitate households and small and medium enterprises' access to funds, besides maintaining the stability of the financial system.

The agreement was signed by Morocco's Economy and Finance Minister, Salaheddine Mezouar, and the WB Regional Vice President for Middle East and North Africa (MENA) Region, Shamshad Akhtar.

 By CMC