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TunisiaEBRD approves new country strategy for Morocco
The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved its country strategy for Morocco for the period 2024 to 2029. It focuses on three key priorities identified in cooperation with the Moroccan government:
- support the shift to a more private-sector-led economy by enhancing competitiveness and promoting Morocco’s governance reform agenda
- strengthen social cohesion and reduce regional disparities for more inclusive growth
- accelerate Morocco’s green economy transition through more sustainable energy, water and infrastructure.
Antoine Sallé de Chou, the EBRD’s Head of Morocco, said: “The adoption of the new strategy is a key milestone for the Bank and Morocco. It will guide our investments and policy dialogue over the coming five years to help deliver inclusive and sustainable economic growth in the country.”
The new strategy aims to support Morocco in its shift to a private-investment-led economy induced under its New Development Model. To achieve this, the EBRD will use its financing tools and advisory initiatives to help Moroccan corporates and small and medium-sized enterprises (SMEs) integrate further into global value chains and develop capital markets.
It will also promote deeper regional integration and help the country anchor its position as a gateway to Africa. In addition, the Bank will assist the authorities in their comprehensive reform of state-owned enterprises and support the expansion of its promising public-private partnerships programme.
Countries covered:
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Morocco
