Saadi urges banks to activate financing agreements for traditional craftsmen

Lahcen Saadi, Morocco's Secretary of State for Handicrafts and the Social and Solidarity Economy, has called on banking stakeholders to activate financing agreements aimed at supporting traditional craftsmen. Saadi acknowledged facing challenges in implementing these agreements, which were designed to facilitate artisans' access to bank financing.

Saadi informed parliament that his department signed agreements with "all banks" to develop specific financing offers for traditional craftsmen. These initiatives are crucial for an artisanal sector that plays a significant role in the Moroccan economy and cultural heritage. The goal is to ensure that artisans can secure the necessary funds to develop their businesses and preserve their crafts.

Despite the signed agreements, the practical activation of these financial tools has proven difficult. Saadi's call to action emphasizes the need for collaboration between the government and financial institutions to overcome these hurdles. Successful implementation would provide vital support to a sector that employs many Moroccans and contributes to the country's economic diversity.

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The State Secretariat signed agreements with 'all banks' to prepare financing offers specifically for artisans.