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Country data

32.6 million
446,600 sq km
Moroccan dirham

Key developments and challenges

  • Economic activity slowed in the first quarter of 2014 after registering strong output growth in 2013, on the back of contracting agricultural production and a weaker non-agricultural output. Meanwhile, fiscal and external pressures have eased in 2013, as the authorities have taken steps to reduce vulnerabilities and rebuild policy space, while adhering to a programme of fiscal consolidation.

  • Meanwhile, Morocco has obtained a new two-year IMF Precautionary and Liquidity Line (PLL) for US$5 billion. This follows the successful completion of the last review under the US$6.2 PLL signed in August 2012, where the authorities had not drawn on that amount, treating the PLL as precautionary.

  • The implementation of the decentralization plans remains slow in view of the complexity of the reform. An organic law detailing the transfer of decision-making power to the regions is expected to be developed. However, the limited capacity at the level of regional administrations will be a challenge.

Morocco in the 2013 Transition Report


Our work in Morocco

In Morocco our priorities include financing private enterprise and promoting infrastructure reform.


Key facts about the EBRD in Morocco

No. of projects


Net EBRD investment

€286 million

Cumulative disbursements

€87 million

Portfolio in private sector



Last updated 30 June 2014

View factsheet

Sectors we focus on in Morocco

  • Financial sector
  • Agribusiness sector
  • Infrastructure
  • Power and energy

Our assessment in Morocco

The EBRD’s priorities in Morocco will be: financing private enterprise, modernising the agribusiness value chain and further strengthening the financial sector.

The Bank will also support Morocco’s sustainable energy strategy and promote transport and municipal infrastructure reform as well as the decentralisation of municipal services.

It will continue to cooperate with other IFIs, the EU and bilateral partners to ensure that its operations take full account of their work.

Read assessment


Twin Center, Tour Ouest, 16e étg.
Angle Boulevards Zerktouni et Al Massira
20100 Casablanca

Tel: +212 (0) 5 22 95 80 21
Fax: +212 (0) 5 22 95 80 23