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

Joint EBRD-EIB-AfDB Private Sector Development Report: English | French

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 2021 5.0%

Current EBRD forecast for Morocco’s Real GDP Growth in 2022 3.2%

The economy in Morocco returned to growth in the first half of 2021, at 7.4 per cent year-on-year, driven by the agricultural sector, which benefited from above average rainfall. Non-agricultural economic activity also expanded, mainly in manufacturing and trade, whereas tourism and transport were slower to recover. Inflation accelerated but remained low, averaging 1.0 per cent year-on-year in the first eight months of 2021, largely on the back of volatile food prices and rising energy prices. GDP is expected to recover by 5.0 per cent in 2021, before moderating in 2022 to 3.2 per cent growth.
These projections reflect the relative success of Morocco’s vaccination campaign and therefore a relatively faster reopening of the economy, despite a cautious resumption of tourism globally. The economy will benefit from a good rainy 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.


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