The Moroccan economy suffered greatly from the pandemic last year with unemployment rates rising and exports decreasing, causing a downwards shift in the GDP.

However, Morocco is at a turning point in its history relating to its potential to create high, inclusive growth and take advantage of positive trends in Moroccan society, including urbanization and demographic transition.

The World Bank Country Partnership Framework for Morocco (CPF) has been designed to support Morocco’s efforts to navigate this.

Leveraging the combined strengths of the IBRD, IFC, and MIGA, the CPF incorporates the objectives of INDH (National Initiative for Human Development) and the government’s program and Medium-Term Strategy 2017–21, all of which aim to improve social cohesion and social and territorial disparity. The CPF covering the fiscal years 2019 to 2024 contains the overarching goal of improving the conditions for growth and job creation but pursuing three, strategic focus areas:

(A) Promoting Job Creation by the Private Sector;

(B) Strengthening Human Capital;

(C) Promoting Inclusive and Resilient Territorial Development.

Gender and Digital Technology are cross-cutting themes.

IFC is already investing US$4.3 million for financial sector infrastructure and advisory services in Morocco.

Transitioning to digital platforms in government, finance, and public services will help Morocco develop new drivers of growth by supporting digital entrepreneurship, e-transactions, and e-government.

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