World Bank Approves US$ 500 Mn For Morocco’s Jobs And Green Growth Push
The World Bank has approved a US$ 500 million financing package for Morocco under the First Jobs and Green Growth Development Policy Loan, aimed at boosting employment, strengthening SMEs and accelerating the country’s green transition.
The programme, the first in a planned series of three supports Morocco’s Jobs Roadmap, targeting expanded employment opportunities for youth and women while aligning education and training systems with private sector needs. It aims to reach over 330,000 job seekers by 2029 and increase female workforce participation through expanded childcare infrastructure, including 40,000 new childcare places and 1,200 jobs in the sector.
The financing also focuses on improving the business environment, particularly for small and medium-sized enterprises, through reforms such as modernising insolvency frameworks, strengthening credit guarantee systems and streamlining investment processes via Regional Investment Centres.
In parallel, the programme supports Morocco’s renewable energy ambitions by addressing barriers to private investment, expanding energy efficiency services, and enhancing the competitiveness of its pharmaceutical sector, with exports targeted to grow significantly by 2029.
“This operation helps create the conditions for businesses to grow, navigate financial difficulties and attract sustained investment,” said Ahmadou Moustapha Ndiaye, highlighting the focus on enabling high-growth enterprises.
The initiative integrates job creation, business development and climate goals, aiming to build a more inclusive, resilient and sustainable economy, while reducing structural constraints on private investment.
