World Bank reports highlight private sector as key to growth and job creation in Morocco. The private sector is a key driver of economic growth and job creation in Morocco, particularly for young people and women, the World Bank emphasized in two recent reports presented in Rabat.
Unveiled during a conference on growth, employment, and private investment opportunities, the reports highlight the importance of improving the business environment and implementing targeted reforms to stimulate private investment in Morocco.
In this context, the Minister of Economy and Finance, Nadia Fettah, said the findings provide a clear roadmap to accelerate economic growth and boost productive job creation.
The reports, based on consultations with national stakeholders, offer an in-depth analysis of the Moroccan economy, identifying key constraints and opportunities while supporting ongoing structural reforms.
Private sector key to unlocking growth and job creation in Morocco
According to Nadia Fettah, public policy must act as a strategist and facilitator, creating favorable conditions for private sector development in Morocco.
She stressed the need for a more transparent, predictable, and efficient business environment, in line with Morocco’s objective of increasing the private sector’s share of investment to two-thirds by 2035.
Human capital also remains central to this transformation. Education, vocational training, and employability are critical priorities to ensure sustainable growth and job creation in Morocco.
World Bank reports outline reforms to boost investment and inclusion
For his part, Ahmadou Moustapha Ndiaye, Division Director at the World Bank, said the reports provide complementary tools to address structural challenges and support Morocco’s long-term development ambitions.
Using new data and advanced analytical methods, the reports deliver a renewed perspective on economic dynamics in Morocco.
The first report focuses on growth and employment, analyzing barriers to productive transformation, while the second highlights obstacles to private investment in high-potential sectors and proposes concrete reform measures.
Meanwhile, Cheick Oumar Sylla of the International Finance Corporation praised Morocco’s progress in macroeconomic stability, infrastructure, and economic diversification.
He noted that the next step is to translate these achievements into stronger job creation, especially for youth and women, by strengthening the role of the private sector.
The reports emphasize the need to improve competition, remove investment barriers, and promote economic inclusion across Morocco.
They also identify high-potential sectors such as renewable energy, low-carbon textiles, argan-based cosmetics, and marine aquaculture. Targeted reforms in these sectors could mobilize up to $7.4 billion in private investment and create more than 166,000 jobs in the medium term.
- Source: MAP