World Bank approves $500 million for employment and green growth in Morocco

The World Bank is set to approve $500 million in financing for Morocco, supporting employment and inclusive green growth. This is the first in a series of three planned financings designed to back government reforms aimed at expanding employment opportunities, particularly for youth and women, improving the business environment, and mobilizing private investment in high-potential green sectors. The program aligns with national priorities outlined in the Employment Roadmap, the New Development Model, the Business Climate Strategy, and the Low-Emission Development Strategy. It is structured around three pillars: strengthening the inclusivity and effectiveness of employment policies, improving the business environment to stimulate job-creating enterprises, and mobilizing private capital in green sectors through targeted regulatory reforms. The implementation will be jointly managed by the Head of Government and the Ministry of Economy and Finance, with specific actions carried out by relevant ministries and agencies. This initiative comes as Morocco's economy shows resilience with real GDP growth accelerating to approximately 5% in 2025, yet the labor market struggles with rising unemployment and inactivity, disproportionately affecting youth and women. The World Bank operation aims to address these structural challenges supported by the government's Employment Roadmap.