Morocco overview


In Morocco we focus on:

  • Realizing Morocco’s entrepreneurial potential, promoting women’s entrepreneurship and increasing finance to small and medium-sized enterprises.
  • Promoting regional economic development and gender inclusion by improving the business environment and supporting equal employment opportunities for men and women in rural areas
  • Supporting the sustainability and improving the efficiency and quality of infrastructure and utility services by the commercialisation of public services and infrastructure
  • Advancing the development of capital markets by broadening the range of financial instruments and promoting innovative financial solutions. 

We continue to cooperate with other IFIs, the EU and bilateral partners to ensure that our operations take full account of their work as well.

The EBRD’s Morocco strategy was approved on 11 February 2015

Current EBRD forecast for Morocco’s Real GDP Growth in 2018 3.0%

Current EBRD forecast for Morocco’s Real GDP Growth in 2019 3.5%

In Morocco, growth in the first half of 2018 stood at 2.8 per cent year-on-year, compared with 4.0 per cent in the same period of 2017. The slowdown was driven by falling agricultural output. The non-agricultural sector grew by 3.1 per cent growth in the same period. Growth is expected to slow down in 2018 to 3.0 per cent, influenced by the negative base effect following favourable weather conditions for agriculture in 2017.

In 2019, growth is forecast to rise to 3.5 per cent, supported by the continued recovery in tourist arrivals, an increase in foreign direct investment, greater competitiveness from the move to a more flexible exchange rate regime, a rebound in services and manufacturing, stronger export growth – especially in the automotive and aeronautics industries –, and expanded mining capacity. The sustained growth is predicated on continuing the implementation of reforms to improve the business environment and boost productivity, and diversifying the economy away from agriculture.   

Morocco in the EBRD's 2018-19 Transition Report