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.

Learn more

Current EBRD forecast for Morocco’s Real GDP Growth in 2020 -5.0%

Current EBRD forecast for Morocco’s Real GDP Growth in 2021 3.5%

The economy in Morocco contracted in the first half of 2020, with stagnant growth in the first quarter and a 13.8 per cent contraction (year-on-year) in the second quarter, because of the Covid-19 crisis and related containment measures. A sharp decline in activity in the lockdown-affected sectors such as retail, tourism, restaurants and construction was compounded by the continued contraction in agriculture because of a drought during the early planting season. Inflation remained low, averaging 0.5 per cent year-on-year in the first seven months of 2020, due to a drop in prices of food and transport.
GDP is expected to contract by 5.0 per cent in 2020, before rebounding in 2021, with a growth rate of 3.5 per cent. The projections reflect a sharp decline in tourism, measures to contain the spread of Covid-19, as well as a likely poor harvest, recession in Europe, and low commodity prices. Downside risks include slower-than-expected recovery in the main trading partners in Europe, social distancing remaining in place for longer than anticipated in the context of a rise in Covid-19 cases and the continued vulnerability of agricultural production to adverse weather and fluctuations in agricultural commodity prices.

Morocco in the EBRD's 2020-21 Transition Report

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