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 2019 3.2%

Current EBRD forecast for Morocco’s Real GDP Growth in 2020 3.8%

The economy slowed down in 2018 in Morocco, with the rate of growth declining to 3.1 per cent (versus 4.1 per cent the previous year), mainly due to a slowdown in the non- agricultural sector. Growth is expected to improve to reach 3.2 per cent in 2019 and 3.8 per cent in 2020 driven by stronger non-agriculture growth. This is a result of improved fiscal management and economic diversification away from agriculture, the continued recovery in tourist arrivals, strong foreign direct investment, rapid expansion of the automotive and aeronautics industries, and expanded mining capacity. Downside risks include lower growth in Europe, lower commodity prices, and the vulnerability of agricultural activity to weather and price developments, since a drop in harvest adversely impacts exports, growth, and private consumption, given that two-fifths of the population work in agriculture.

Morocco in the EBRD's 2018-19 Transition Report