OPEC loans $100 million to Morocco to promote financial inclusivity

Financial technology (fintech) is expanding across the Middle East and enabling more people to use financial tools. But some cultural barriers remain.
A Moroccan passes by an advertising billboard for a sheep purchase loan ahead of Aid el-Kebir holiday on Nov. 26, 2009, in Rabat.
A Moroccan passes by an advertising billboard for a sheep purchase loan ahead of Aid el-Kebir holiday on Nov. 26, 2009, in Rabat. - ABDELHAK SENNA/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

The Organization of the Petroleum Exporting Countries (OPEC) has announced a loan to Morocco aimed at promoting financial inclusivity. 

OPEC’s Fund for International Development signed a $100 million loan to the government of Morocco to “build an inclusive financial sector,” the fund said in statement April 11. 

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