The Morocco has maintained a strategic partnership with the World Bankaimed at financing structuring projects and supporting the economic development.
Since the 2016 fiscal year, the Kingdom has benefited from more than $12 billion in investments from the institution, a figure illustrating the scale of this collaboration. This support particularly intensified after the crisis of Covid-19with successive records of funding approved in 2021 (1.80 billion), 2022 (1.83 billion) and 2023 (1.85 billion). However, a slight decrease was recorded in 2024 (1.76 billion). However, fiscal year 2025 appears to mark an unexpected turning point. The data reveals a notable drop in semi-annual commitments: only $570 million was invested in Morocco between July and December 2024, compared to $1.15 billion in the same period the previous year. Faced with this significant decline recorded in the first half of the year, will the World Bank manage, by the end of fiscal year 2025, to return to the annual investment levels recorded in recent years?
Despite this notable drop, the World Bank still approved three financings for Morocco during the first half of 2025 (from July to December 2024), testifying to the continuation of the strategic partnership between the two parties.
The first, granted on November 26, supports the Support Program for management of household and similar waste (GDMA)for an amount of 250 million dollars. This program aims to help strengthen the financial and environmental performance of the sector by supporting priority investments and reforms. The second loan, granted on December 4, 2024, concerns the second identification and targeting project for protection sociale in Morocco, for an envelope of 70 million dollars.
As for the third financing, approved on December 19, it mobilizes $250 million for the Agri-food Systems Transformation Program in Morocco. This program aims to strengthen the resilience of the Moroccan agri-food system in the face of climate changewhile improving food safety and quality. This financing shows that, despite a mixed first half of 2025, the World Bank continues to play a key role in Morocco’s development. It remains to be seen whether the coming months will allow us to return to historic investment levels.
Please note that the figures mentioned relate exclusively to the operations of the International Bank for Reconstruction and Development (IBRD)which lends to middle-income countries. They do not include trust funds, financial intermediary fund commitments, or the activities of other World Bank Group entities, such as the International Finance Corporation (IFC) and theMultilateral Investment Guarantee Agency (MIGA).
