World Bank : Soon an additional US$1.8 billion for Morocco
For each member country in which it operates, the World Bank formulates a Country Partnership Framework (CPF) in collaboration with the Government. This is a strategic instrument that guides the national programs supported by the WBG, and enables their impact to be assessed. The CPF sets priorities for collaboration and the instruments used to finance them. In Morocco, CPF projects support the development challenges set out in the New Development Model. The World Bank is currently financing 27 projects in Morocco, for a total of nearly US$8 billion.
For the current fiscal year, ending June 30, 2025, “ we plan to mobilize $1.8 billion in new financing to support the agricultural sector, municipal solid waste management, human capital development and social protection, climate resilience and disaster management, and the justice sector ”, said Ahmadou Moustapha Ndiaye, the World Bank’s Country Director for the Maghreb and Malta, based in Rabat, in his exclusive interview with L’Economiste.
Preparations are currently underway with the Moroccan Government to develop the next CPF, (the current CPF expires at the end of 2025), ensuring that it is aligned with shared priorities. “ I’d like to highlight one important element in this regard: the CPF process includes extensive dialogue with the Government, the private sector, civil society, and other stakeholders, which is essential to ensure that this strategic framework is aligned with the country’s development goals and with the WBG’s activities. Stakeholder engagement helps align the CPF with the country’s needs and priorities, thereby enhancing the effectiveness and impact of World Bank support ”, said Ahmadou Moustapha Ndiaye.
The increased lending capacity and additional development financing will support transformative projects, enabling the institution to undertake more ambitious initiatives that promote significant economic and social progress in developing countries. “These projects will tackle major challenges such as infrastructure development, poverty reduction, and climate resilience, and will have a positive impact on communities around the world ”, said the World Bank’s Country Director for the Maghreb and Malta.
Fatim-Zahra TOHRY
