Morocco–World Bank relations

Morocco's involvement with the World Bank primarily focuses on infrastructure, such as road, transport and water sanitation. In addition the bank supports projects across the health sector, youth development, renewable energy, governance and the support of small and medium enterprises (SMEs). 27 projects are ongoing, including 3 projects initiated in 2017.[1] The World Bank invested over US$1 billion every year from 2014 to 2016.[2]

Relation with IFC

The International Finance Corporation (IFC), a component of the World Bank, has helped Morocco build infrastructure in the agricultural sector, utilizing a public-private partnership (PPP). It brought private companies to invest in both rural and urban areas, with a focus on water supply. The plan calls for building an irrigation plant that can provide 60 to 85 million cubic meters capacity of irrigation in Chtouka area.[3]

2017 projects

Three projects were approved in 2017.

Financing Innovative Startups and Small and Medium Enterprises Project

On March 10, 2017, a project that aimed to help seed innovative businesses. Project cost is USD50 million, providing loans and support such as monitoring and evaluating those companies. The project ends in 2023.[4]

Identity and Targeting for Social Protection Project

This project was approved on March 10, 2017, which committed 100 million to improving the National Population Register (NPR), and SSN base on a social register. Improvements included computer-based data for registration, and updating existing information to the new data base. Revise the procedures to better regulate registration.[5]

MA-Second Capital Market Development and SME Finance DPL

This project was approved on May 16, 2017. It is to loan USD350 million to the Morocco government. It aims to support the Morocco SME sector and boost the Morocco economy, as well as institutional reform and scrutiny of the banking sector.[6]

Country Partnership Framework

In 2014, the Country Partnership Framework (CPF) aimed to improve Morocco’s government and private sectors. In order to promote a better business environment, and build a resilient future, lending from IBRD increased from US$600 million a year to US$1 billion over the past four years.[7] I CPF focuses largely on women's empowerment, involving an "EmpowerHer" Hackathon.[8][9]

References

  1. ↑ "All Projects". www.worldbank.org. Retrieved 2017-06-14.
  2. ↑ "Morocco Home". www.worldbank.org. Retrieved 2017-06-14.
  3. ↑ "IFC Helps Deliver Vital Infrastructure in Morocco". www.ifc.org. Retrieved 2017-06-14.
  4. ↑ "Projects  : Financing Innovative Startups and Small and Medium Enterprises Project | The World Bank". projects.worldbank.org. Retrieved 2017-06-13.
  5. ↑ "Projects  : Identity and Targeting for Social Protection Project | The World Bank". projects.worldbank.org. Retrieved 2017-06-13.
  6. ↑ "Projects  : MA-Second Capital Market Development and SME Finance DPL | The World Bank". projects.worldbank.org. Retrieved 2017-06-13.
  7. ↑ "Morocco Overview". World Bank. Retrieved 2017-11-17.
  8. ↑ Flah, Loubna (2013-09-17). "World Bank CPS Defines Development Priorities for Morocco for the next Three Years". Morocco World News. Retrieved 2017-06-14.
  9. ↑ News, Morocco World (2017-03-20). "World Bank Organization Launches Morocco's "EmpowerHer" Hackathon". Morocco World News. Retrieved 2017-06-14.
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