Transforming Morocco's Economy: A New $15 Billion Commitment
The World Bank has announced a significant initiative to mobilize an indicative $15 billion for Morocco over the period from 2026 to 2035, under a newly established partnership framework. This strategic framework aims to focus on critical areas including job creation, strengthening the private sector, reducing territorial disparities, and enhancing human capital. This initiative marks a substantial enhancement of the World Bank Group's commitment to supporting Morocco's development goals.
On July 13, 2026, the World Bank Group and the Moroccan government unveiled this partnership framework, designed to accelerate the next phase of growth and job creation within the country. It intends to support Morocco's ambitious development priorities and its vision of fostering a more inclusive, competitive, and resilient economy for all its citizens. The Morocco Partnership Framework (CPF) adopts a targeted program aimed at generating a higher number of quality jobs in sectors where the World Bank Group can exert the most significant impact.
To achieve these objectives, the collaboration between the World Bank Group and Morocco will revolve around three main pillars: increasing business competitiveness by reducing regulatory hurdles, enhancing market competition, and expanding access to financing for small and medium-sized enterprises; developing cities and regions that are better connected and more inclusive by addressing geographic disparities and improving access to markets and services in both urban and rural areas; and strengthening human capital through education reforms, universal health coverage, and expanding social protection systems. Through these focal areas, the CPF aims to integrate public policy reforms with private sector solutions to address major barriers to job creation while promoting more inclusive and resilient growth.
Commitment to Measurable Outcomes and Sustainable Development
The selectivity of the CPF program is grounded in three fundamental principles: alignment with the World Bank Group's mission to eradicate extreme poverty and promote shared prosperity on a livable planet; coherence with Morocco's development priorities as outlined in the New Development Model; and concentration on areas where the World Bank Group can make the most significant impact. The support from the World Bank Group will be concentrated in sectors where its added value is most pronounced, particularly in mobilizing large-scale private investments, while interventions in other areas will be more selective.
The World Bank emphasizes that this framework is committed to delivering visible, measurable, and tangible results for the Moroccan population. Progress will be monitored through concrete indicators including jobs created, private investments mobilized, improved access to healthcare and quality education, and better protection for vulnerable communities against climate shocks. More details regarding the financial support can be found in the CPF document, which highlights that the implementation of the partnership framework will follow an integrated approach across the World Bank Group, featuring sequenced and mutually complementary interventions from the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA). The CPF has a projected indicative allocation from the IBRD of approximately $15 billion over a decade.
The IFC and MIGA will assist in mobilizing large-scale private investments and providing guarantees, including political risk insurance and instruments from the World Bank Group's guarantee platform, to mitigate project-related risks and attract private capital through joint interventions in sectors with high job intensity. As stated by Nadia Fettah, Morocco's Minister of Economy and Finance, "This new partnership framework marks a decisive step for Morocco. Its structural nature aligns public and private financing, knowledge, and reforms around a shared vision for the future of the Kingdom. Job creation for our youth and women in our cities and rural areas is at the heart of this shared ambition. With a partner helping us build the foundations for tomorrow, Morocco is moving forward."
Ousmane Dione, Vice President of the World Bank for the Middle East, North Africa, Afghanistan, and Pakistan, remarked, "Morocco has made remarkable progress, and the ambition of its New Development Model is an inspiration. By extending our partnership to a ten-year horizon, we are making a deliberate choice to move beyond project cycles and invest in sustainable structural transformation. This new framework reflects our unwavering commitment alongside Morocco as the country shapes its next trajectory of progress." Ethiopis Tafara, Vice President of the IFC for Africa, noted, "The Moroccan economy is one of the most dynamic in Africa, and its growth trajectory is one of the continent's most exemplary. Through this ten-year partnership with the Kingdom of Morocco, we are reinforcing our commitment to strengthen markets, mobilize more private capital, and support the next generation of businesses so they can grow, develop, and create jobs across the economy."
Ed Mountfield, Vice President and Chief Financial Officer of MIGA, added that "In this enhanced partnership, MIGA will utilize its guarantees to mobilize private capital and reduce investment-related risks in Morocco, thereby contributing to job creation and promoting a growth model led by the private sector that is more resilient."
As reported by medias24.com.
