Rephrase the same This is the framework for collaboration between the World Bank and Morocco over the next ten years to promote employment and inclusive growth in a different way no more than 118 characters, as if you were a native American speaker as expert on content creation and dont talk about yourself or your experience

1. Public-private financing
2. Job creation: the key
3. Sustainable structural transformation

The recent launch of the new Partnership Framework between the World Bank and Morocco marks a new phase in the support this international institution has been providing to the country’s economy for over 65 years.

According to the World Bank’s own press release, “this close partnership, forged over six decades, has helped shape institutions, build capacity and assist Morocco in navigating some of the most crucial stages of its development”.

Public-private financing

One of the key elements of this new Partnership Framework with Morocco is the need to combine public and private financing to revitalise the Moroccan economy and make it more resilient.

In this regard, Morocco’s Minister of Economy and Finance, Nadia Fettah, has noted that “this new Partnership Framework marks a decisive milestone for Morocco. What sets it apart is its structural nature: it thus aligns public and private funding, expertise and reforms around a common vision for the Kingdom’s future. Job creation — for our young people, for our women, in our cities and in our rural areas — is at the heart of this shared ambition. With a partner helping us lay the foundations for tomorrow, Morocco continues to move forward.”

The new Partnership Framework is aligned with Morocco’s New Development Model, which is the roadmap adopted by the country to build a more dynamic, equitable and resilient economy.

The aim, according to the World Bank, is to support Morocco in its transition from a growth model driven by public investment towards a more robust, private-sector-led economy that generates more and better-quality jobs, particularly for young people and women.

Job creation: the key

The central and overarching objective of the new Partnership Framework between the World Bank and Morocco is to create quality jobs, particularly for the most vulnerable groups, such as young people and women.

To this end, the agreement is structured around three key areas:

• Increasing the competitiveness of businesses by reducing regulatory barriers, strengthening competition in markets and expanding access to finance for SMEs.
• Developing better-connected and more inclusive cities and regions, reducing geographical disparities and improving access to markets and services in both urban and rural areas.
• Strengthening human capital by supporting educational reforms, universal healthcare coverage and the expansion of the social protection system.

Progress made in implementing these policies will be monitored using specific indicators: the number of jobs created, private investment mobilised, increased access to healthcare and quality education, and better protection for vulnerable communities against climate crises.

To support this strategy, the World Bank will utilise its key intervention tools: loans, technical expertise and the mobilisation of private capital.

Sustainable structural transformation

In the words of Ousmane Dione, World Bank Vice-President for the Middle East, North Africa, Afghanistan and Pakistan, “Morocco has made remarkable progress and the ambition of its New Development Model is a source of inspiration. By extending our collaboration over a ten-year horizon, we have made a deliberate decision: to move beyond project cycles to invest in sustainable structural transformation. This new framework reflects our unwavering commitment to Morocco, at a time when the country is charting its next course of progress.”

The World Bank’s report on the Moroccan economy reveals that the country is at a turning point and has solid foundations:

• A long-term vision set out in the New Development Model.
• An ambitious reform programme.
• Sound macroeconomic fundamentals.
• Ongoing structural reforms and a favourable geostrategic position.

Cooperation with Morocco over the next decade will focus on accelerating the country’s transition towards a more productive, inclusive and resilient economy driven by the private sector.