The new partnership framework between Morocco and the World Bank Group (WBG) for the period 2019-2024 is an “ambitious” program that aims to support the Kingdom’s strategic projects in several sectors, said Thursday in Rabat, Minister Delegate for General Affairs and Governance Lahcen Daoudi.
Speaking at a press conference dedicated to the presentation of the objectives and priorities of the Country Partnership Framework (CPF) recently approved by the Board of Directors of the Group, Daoudi stressed that Morocco has become an international model in implementation of projects and programs, in particular by creating “the foundations for a real economic take-off”.
In this regard, he expressed his wish to make succeed this partnership framework which defines the main lines of action intended to direct the support of the WBG to the strategic priorities of Morocco in several domains.
For her part, Marie Françoise Marie-Nelly, the World Bank’s Director of Operations for the Maghreb, said that this new strategic partnership framework is both “ambitious” and “flexible” and places a premium on women and men. young people, noting that Morocco has made enormous progress in recent years in order to respond to the different aspirations of its population.
This framework, whose strategic objective is to contribute to the social cohesion of Morocco by favoring in particular the creation of employment and by reducing the social and territorial disparities, also takes care to integrate in each axis of action and in a transversal way the stakes inherent to digitization and the question of gender, insisted Ms. Marie-Nelly.
Indeed, the CPF 2019-2024 is based on three main strategic axes namely job creation in the private sector, the strengthening of human capital and the promotion of a resilient territory that benefits everyone.
In addition, she reviewed key lessons learned from the 2014-2017 partnership strategy with Morocco, noting in particular that the World Bank’s support for key reforms has been instrumental in establishing a consensus around the major reforms undertaken by the Kingdom.
And to continue that the next phase will focus on putting effective reforms into practice by focusing more on results.
For Xavier Reille, Head of Operations of the IFC (International Finance Corporation) of the WBG for Algeria, Morocco and Tunisia, the CPF 2019-2024, which aims to offer a package of more than 5 billion dollars to Morocco, combines all the Group’s instruments to support Morocco in its economic take-off, by creating jobs, promoting inclusive growth and reducing territorial inequalities.
In this partnership program, the private sector has a big role to play in promoting employment opportunities through government support for reforms to improve the business climate, Reille said, expressing support for the Kingdom’s “beautiful goal” to join the top 50 Doing Business rankings by 2021.
“Our ambition is to make Morocco the most beautiful place to invest in the world by awakening the entrepreneurial dynamic,” he said.
To this end, IFC will continue to assist all incubator and business creation ecosystems, support SMEs in integrating the best global value chains and assist Moroccan companies to become regional champions in Africa. in particular, he explained.
On February 19, the Board of Executive Directors of the World Bank Group approved the new partnership framework with Morocco for the period 2019-2024, which will guide the Group’s program of financial and technical assistance to the Kingdom in the coming year, over the next six years.
This CPF 2019-2024 aims to support Morocco’s ambition to strengthen its competitive advantage in the global economy while promoting shared prosperity among its population, said the institution of Bretton Woods in a statement.