African Development Bank Invests $487M in Morocco Reforms

The Board of Directors of the African Development Bank Group has approved a funding of $487 million to Morocco to support economic reforms. The goal is to accelerate the structural transformation of the Moroccan economy and promote inclusive and resilient growth capable of facing external and climate shocks. The program focuses on improving the performance of the public sector, particularly through the restructuring of state-owned enterprises and the modernization of the public-private partnership framework. It also aims to enhance Morocco’s capacity to address climate challenges by updating the governance of the water and electricity sectors. These steps are part of the bank’s strategy to enable Morocco to attract investments and foster innovation, while supporting sustainable growth and reducing dependency on external resources. Since 1978, the bank has contributed over €15 billion to vital projects in Morocco, spanning the sectors of transportation, energy, water, and agriculture.

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