Morocco and World Bank Launch 10-Year Partnership to Boost Growth and Employment
Morocco and the World Bank have launched a new 10-year partnership framework aimed at supporting the country's long-term economic transformation, strengthening the private sector, and creating more employment opportunities.
The agreement reflects a shared commitment to building a more competitive, inclusive, and resilient economy while supporting Morocco's long-term development agenda. The initiative aligns with the country's New Development Model, which serves as the foundation for ongoing economic and social reforms.
According to the World Bank, the partnership builds on more than six decades of cooperation with Morocco. Over the years, the institution has supported strategic investments in infrastructure, agriculture, education, healthcare, and social protection, helping modernize public institutions and improve public services.
Morocco's Minister of Economy and Finance, Nadia Fettah, described the new framework as an important milestone in the relationship between the Kingdom and the World Bank. She emphasized that the partnership combines public and private financing, technical expertise, and structural reforms to promote sustainable economic development.
Job creation remains one of the program's main priorities, with particular attention given to expanding employment opportunities for young people and women in both urban and rural areas. Officials believe the initiative will reinforce ongoing reforms designed to improve productivity and encourage long-term investment.
The partnership is structured around three main objectives. The first focuses on improving business competitiveness by enhancing the investment climate, reducing regulatory barriers, encouraging fair competition, and expanding access to finance for small and medium-sized enterprises.
The second pillar aims to reduce regional disparities by strengthening connectivity between cities and rural communities while improving access to essential infrastructure, public services, and economic opportunities across the country.
The third objective centers on human capital development through continued reforms in education and vocational training, expanded healthcare coverage, and stronger social protection programs designed to improve living standards and support vulnerable populations.
The World Bank noted that the framework will emphasize measurable results, including the number of jobs created, the volume of private investment mobilized, improved access to education and healthcare, and greater resilience to climate-related challenges.
The initiative will be implemented through a combination of financing, policy advice, technical assistance, and private sector engagement, supporting Morocco's ambition to build a more dynamic, investment-driven, and sustainable economy over the next decade.
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