Morocco overview

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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

Morocco's policy response to the coronavirus crisis

The EBRD is monitoring Morocco's policy response to the coronavirus pandemic. Our biweekly publication identifies the major channels of disruption as well as selected impact and response indicators.

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Current EBRD forecast for Morocco’s Real GDP Growth in 2021 4.5%

Current EBRD forecast for Morocco’s Real GDP Growth in 2022 3.5%

The economy in Morocco contracted by 6.3 per cent 2020, in light of the Covid-19 crisis and related containment measures. The drought-burdened agricultural sector declined by 8.6 per cent, while non-agricultural activities, mainly tourism, transport, retail and manufacturing, dropped by 5.8 per cent.
A solid recovery is expected in 2021 (at 4.5 per cent GDP growth) as Morocco benefits from the relative success in its vaccination campaign (20.1 per cent of the total population are fully vaccinated as of mid-June) and therefore a relatively faster increase in tourist arrivals, despite a cautious resumption of tourism globally.
The economy will also benefit from a good rain season, and the expected recovery in Europe, Morocco’s main trading partner, as well as the strengthening in exports from the phosphate and automotive sectors.
In 2022, a slower expansion is projected (at 3.5 per cent), as base effects subside and the pace of growth returns to pre-pandemic levels.


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