🇲🇦MoroccoNorth Africa
Morocco launches national Supply Chain Finance strategy to boost SME funding
via Le Matin5 min read
Morocco has officially launched its national Supply Chain Finance SCF strategy to address the critical working capital financing needs of its very small, small, and medium-sized enterprises TPME. These businesses represent 99.5% of companies and over 70% of formal employment but contribute only 36.3% to GDP and 20.1% to exports, largely due to extended payment terms, fragile cash flow, and limited access to financing. SCF aims to facilitate funding at various stages of the economic cycle by leveraging commercial relationships between principals, suppliers, and financial institutions. This includes tools like factoring, reverse factoring, and financing for purchase orders, inventory, or distributors. Abderrahim Bouazza, Director General of Bank Al-Maghrib, emphasized that SCF builds trust, improves risk assessment, and optimizes corporate cash management. The potential SCF market in Morocco is estimated at over 80 billion dirhams, yet current outstanding amounts are only around 6 billion, less than 10% of this potential. This contrasts with international dynamics where factoring can represent up to 11% of GDP in some European countries, compared to 2-3% in Morocco. The International Finance Corporation IFC, a technical partner, sees this as a strategic opportunity to provide SMEs with faster, cheaper, and more suitable financing while securing supply chains for large companies. The strategy is particularly relevant given current global instability, including geopolitical tensi
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