World Bank unveils 15 billion dollar Morocco strategy to boost jobs and private investment

The World Bank unveiled in Rabat on Thursday its new Country Partnership Framework (CPF) with Morocco for 2026-2035, outlining the institution’s strategic vision for its engagement over the next decade.

Aligned with Morocco’s New Development Model (NMD), the new framework aims to support the creation of better-quality jobs by mobilizing financing, expertise, and private-sector solutions.

Speaking on the occasion, the World Bank’s country director for the Maghreb and Malta, Ahmadou Moustapha Ndiaye, said the new partnership reflects Morocco’s ambition to shift its growth model, historically driven by public investment, toward one led more by the private sector and capable of generating jobs, particularly for young people and women.

David Tinel, the regional representative of the International Finance Corporation (IFC) for the Maghreb, explained that the strategy will be implemented around three main outcomes: strengthening business competitiveness and productivity, developing more inclusive, better-connected and more resilient regions, and consolidating human capital.

According to Tinel, the CPF provides for around $15 billion in World Bank interventions in the public sector over the 2026-2035 period. IFC commitments to the private sector are expected to exceed that amount over the same period, with additional guarantees from MIGA, the Multilateral Investment Guarantee Agency, aimed at boosting the mobilization of private investment.

The new framework will be built around a monitoring mechanism, including annual action plans, dialogue with public authorities, the private sector, and civil society, as well as an assessment of results to adjust interventions in line with national priorities.