The World Bank (WB) has approved a $500 million financing for Morocco, as part of the first loan of a program based on three operations, for the development of employment and green growth.
This commitment aims to broaden employment opportunities through better labor market policies, strengthen small and medium-sized enterprises (SMEs), and investments in clean energy, energy efficiency, and the export-oriented pharmaceutical industry.
The objective is to create more avenues for young people and women, by supporting more than 330,000 job seekers by 2029 and improving the alignment between training and private sector needs. Women’s participation in the workforce will also be supported by the creation of more than 40,000 childcare places and 1,200 direct jobs in this sector.
The first operation also aims to improve the business environment, notably for SMEs, through modernization of insolvency rules, strengthening credit guarantee mechanisms and simplifying investment procedures through regional investment centers.
In the energy field, this financing helps remove obstacles to private investment, develop energy efficiency services, and strengthen the international presence of Morocco’s pharmaceutical industry, with a significantly increased export target by 2029.
The following operations will deepen this transformation, fostering green and inclusive growth.
