The World Bank Group and the Moroccan government have launched a new 10-year Country Partnership Framework (CPF) aimed at supporting the country’s next phase of economic growth.
The agreement also aims to accelerate job creation and advance a more inclusive, competitive, and resilient economy.
The new framework aligns with Morocco’s New Development Model and will guide cooperation between the World Bank Group and Morocco over the next decade, with a strong focus on creating more and better jobs, particularly for young people and women.
New phase of Morocco-World Bank partnership
The World Bank Group said last week that the new CPF marks a new chapter in its more than 65-year partnership with Morocco, which has supported the country through investments in infrastructure, agriculture, education, healthcare, and social protection, as well as institutional reforms.
The framework seeks to help Morocco transition from a growth model driven primarily by public investment toward one led by a stronger and more dynamic private sector.
Nadia Fettah, Morocco’s Minister of Economy and Finance, described the agreement as a major step in the country’s development strategy.
“This Country Partnership Framework marks a decisive milestone for Morocco. What makes it distinctive is its structuring nature; it aligns public and private financing, knowledge, and reforms around a shared vision for the country’s future,” she explained.
The partnership three strategic priorities
The World Bank Group said the partnership will focus on three main areas designed to boost employment and long-term economic development.
According to the World Bank Group, progress under the framework will be measured through indicators such as jobs created, private investment mobilized, expanded access to healthcare and quality education, and improved resilience of vulnerable communities to climate-related risks.
Implementation will combine financing, technical expertise, and efforts to mobilize private investment.
Long-term commitment
Ousmane Dione, the World Bank’s Vice President for the Middle East, North Africa, Afghanistan, and Pakistan, said the 10-year horizon reflects a long-term commitment to Morocco’s development agenda.
“Morocco has achieved remarkable development gains, and the ambition of its New Development Model is an inspiration,” Dione said. “By extending our partnership to a ten-year horizon, we are making a deliberate choice to move beyond project cycles and invest in lasting, structural transformation. This new framework reflects our unwavering commitment to Morocco as it writes its next chapter of progress.”
The International Finance Corporation (IFC), the World Bank Group’s private sector arm, said the framework will help strengthen Morocco’s business environment and attract greater private investment.
“Morocco’s economy stands among the most dynamic across Africa, advancing one of the continent’s most compelling growth stories,” said Ethiopis Tafara, IFC’s Vice President for Africa. “Through this ten-year partnership with the Kingdom of Morocco, we are deepening our commitment to strengthen markets, mobilize greater private capital, and support the next generation of businesses to grow, scale, and create jobs across the economy.”
Meanwhile, the Multilateral Investment Guarantee Agency (MIGA) said it would use its guarantee instruments to encourage private investment in Morocco.
“Through this strengthened partnership, MIGA will leverage its guarantees to mobilize private capital and de-risk investments in Morocco, supporting job creation and advancing a more resilient, private sector-led growth model,” said Ed Mountfield, MIGA’s Vice President and Chief Financial Officer.
Source: https://www.moroccoworldnews.com
