Abstract
Crowdfunding or crowd financing is a financial practice that began in 2008 in the United States and is increasingly popular around the world. According to a World Bank study crowdfunding could represent a potential of $93 billion per year by 2025 for developing countries. For the Middle East and North Africa region, this potential is estimated at $5.6 billion per year by 2025”. Insofar as it relies on the Internet, crowdfunding is an innovative alternative to conventional sources of financing, which brings together three players—the project sponsor, the public and a collaborative financing company—and is based on three sources of funding: grants, loans and capital investment. In Morocco, the legal framework for crowdfunding has just been instructed by the promulgation of Law 15-18 in 2020 and its implementing decrees, thus laying the foundations for a collaborative finance industry with very significant potential. Moreover, a strong demand for crowdfunding in Morocco remains unsatisfied. Although professionals in the sector in Morocco are fairly confident about the evolution of crowdfunding, it must be said that the growth of this type of financing is linked to a number of factors that contribute to its development.
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Ezziadi, A., Fikri, M. (2021). The Crowdfunding as an Innovative Tool for the Economic and Social Promotion of Local Authorities in Morocco: Barriers and Opportunities. In: Lenart-Gansiniec, R., Chen, J. (eds) Crowdfunding in the Public Sector. Contributions to Finance and Accounting. Springer, Cham. https://doi.org/10.1007/978-3-030-77841-5_6
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DOI: https://doi.org/10.1007/978-3-030-77841-5_6
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