Moroccans living abroad sent $11.8 billion back home in 2023. The World Bank said the pace of remittances remained strong, especially following the tragic September 2023 earthquake.
With the help of the World Bank, Morocco has made significant strides in strengthening its disaster and climate resilience since 2008, the international financial institution stated in a recent report.
Morocco has become the second-largest African investor on the continent following a surge in direct investments over past two decades, IFC notes.
In a report entitled «Morocco's Jobs Landscape», the World Bank assesses the challenges linked to employment in Morocco and recommends reducing the size of the informal economy and «creating more jobs in high productivity sectors».
A World Bank climate risk profile on Morocco warns against global warming, rainfall and the impact on several sectors including agriculture, fishing and health.