Morocco Growth Strategy: World Bank 10-Year Partnership Plan

Morocco is opening a new chapter with the World Bank. The World Bank Group and the Moroccan government have announced a new partnership framework designed to support the next phase of growth for the kingdom.

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This partnership, planned over ten years, aims first and foremost at job creation. The stated priority is clear: to help Morocco transition from a growth model largely driven by public investment to a more dynamic economy, increasingly driven by the private sector.

According to the World Bank, the cross-cutting objective of the new framework is to create "more and better jobs for all," with particular attention paid to young people and women.

The Private Sector at the Center

The program is structured around three pillars. The first concerns businesses, with the reduction of regulatory barriers, strengthening of competition and better access to financing for SMEs.

The second aims at better-connected cities and territories, in order to reduce gaps between urban and rural areas and improve access to markets and services.

The third focuses on human capital, with support for education reforms, universal health coverage and social protection.

Monitoring must be carried out through concrete indicators: jobs created, private investments mobilized, expanded access to health and education, as well as better protection of vulnerable populations against climate shocks.

For Nadia Fettah, Minister of Economy and Finance, this framework marks an important milestone, as it aligns public and private financing, expertise and reforms around Morocco’s development vision.

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The World Bank says it wants to commit its action for the long term, beyond project cycles. Its objective is to support a more structural transformation of the Moroccan economy, with an increased role for businesses and private capital.