Rabat – Morocco has launched a new charter aimed at strengthening financing and support for very small enterprises (VSEs), bringing together major public and private institutions in a unified effort to accelerate small-business development across the country.
The agreement was signed Thursday in Rabat by the Ministry of Economy and Finance, the Ministry of Investment, Bank Al-Maghrib (BAM), Tamwilcom, Maroc PME, the Professional Group of Moroccan Banks (GPBM), the National Federation of Microcredit Associations (FNAM), and the General Confederation of Moroccan Enterprises (CGEM).
Speaking at the signing ceremony, BAM Governor Abdellatif Jouahri affirmed the financial sector’s responsibility to respond to the royal call to reduce regional inequalities. He pointed out that cash circulation in Morocco amounts to 28% of GDP—one of the highest levels in the world—highlighting the urgency of reinforcing financial inclusion.
Jouahri recalled that the national inclusion strategy aims to ensure full geographic coverage, with at least one financial-service access point in every commune.
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GPBM Vice President Mohamed El Kettani commended the work carried out by the Central Bank and all partner institutions to promote small enterprises. “We are processing several tens of thousands of small-credit applications each month. The process must be industrialized, and artificial intelligence will make that possible,” he said.
Youssef El Alaoui, President of the CGEM group in the House of Councillors, emphasized the importance of the new framework for Morocco’s business fabric. He noted that 90% of CGEM’s members are small or very small enterprises. “The potential is there. If we manage to improve access to financing and strengthen entrepreneurs’ capacities, we will place these VSEs on trajectories of growth and job creation,” he stated.
Tamwilcom Director General Said Jabrani highlighted the institution’s pivotal role in supporting the financial sector to expand lending to businesses. “In 2024, we contributed to mobilizing 41 billion dirhams in financing, 89% of which was directed to VSEs,” he recalled.
The new charter also supports the rollout of Morocco’s Investment Charter, which has introduced updated mechanisms to encourage investment by very small, small, and medium-sized enterprises. Its objective is to lift the barriers that hinder their development and to promote more balanced, inclusive economic growth across all regions of the country.
