Morocco has forged a groundbreaking partnership with the World Bank aimed at fueling inclusive economic growth. The agreement, announced by Minister of Economy and Finance Nadia Fettah, prioritizes job creation for youth and women across urban and rural areas.
«This landmark partnership represents a transformative moment for Morocco,» Fettah stated. «Its strength lies in its integrated approach, merging public and private investments with targeted reforms and knowledge sharing to build a sustainable future for the Kingdom.»
The initiative aligns with Morocco’s New Development Model, a strategic roadmap designed to foster a more dynamic, equitable, and resilient economy. With youth and women’s employment facing persistent challenges, this collaboration seeks to address structural barriers head-on.
Key pillars of the partnership
The agreement outlines three core focus areas:
- Boosting business competitiveness: Streamlining regulatory hurdles, fostering market competition, and expanding financial access for small and medium-sized enterprises to unlock new growth opportunities.
- Building inclusive territories: Reducing urban-rural disparities by enhancing connectivity, improving market and service accessibility, and creating cohesive, thriving communities nationwide.
- Investing in human capital: Strengthening education reforms, expanding universal healthcare coverage, and broadening social protection systems to empower citizens for future challenges.
To implement these priorities, the World Bank will deploy a multi-pronged strategy, combining financial resources, technical expertise, and innovative private sector partnerships to drive tangible, long-term impact.
