G20 Compact With Africa

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    • The G-20 Compact with Africa: A Joint AfDB, IMF and WBG Report
    • Ger­many, the G20, pro­tec­tion­ism and the Com­pact with Africa
    • Germany and IMF Strengthen Capacity Development Cooperation in Africa
    • G20 Com­pact with Africa
    • G20 Finance Ministers and Central Bank Governors on Compacts
    • Toolbox: Instruments Avlb. to Support Private Investment in CWA Countries
    • Toolbox 2: Instruments Avlb. to Support Private Investment in CWA Countries
    • Africa Advisory Group Meeting - Chairs' Conclusion - May 2020
    • CWA Recent Trends in FDI and Cross-Border Investments - Oct 2019
    • CWA WBG - Implementation Plan - Oct 2019
    • G20 CWA - Independent Review by the African Center for Economic Transformation - Oct 2019

      Documents

      • The G-20 Compact with Africa: A Joint AfDB, IMF and WBG Report
      • Ger­many, the G20, pro­tec­tion­ism and the Com­pact with Africa
      • Germany and IMF Strengthen Capacity Development Cooperation in Africa

      Documents

      • G20 Com­pact with Africa
      • G20 Finance Ministers and Central Bank Governors on Compacts
      • Toolbox: Instruments Avlb. to Support Private Investment in CWA Countries
      • Toolbox 2: Instruments Avlb. to Support Private Investment in CWA Countries

      Documents

      • Africa Advisory Group Meeting - Chairs' Conclusion - May 2020
      • CWA Recent Trends in FDI and Cross-Border Investments - Oct 2019
      • CWA WBG - Implementation Plan - Oct 2019
      • G20 CWA - Independent Review by the African Center for Economic Transformation - Oct 2019
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Morocco

Morocco

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Over the past decades, Morocco has implemented extensive structural and sectoral reforms aimed at strengthening the economy’s overall competitiveness and integrating it better into the global economy. The business environment has improved, following reforms to simplify administrative procedures, and Morocco’s 2017 Doing Business ranking improved to 68 (against 75 in 2016). As a result, the economy has undergone major changes that have improved macroeconomic performance and increased resilience to shocks. Morocco is among the few countries that have maintained their sovereign rating at investment grade, despite a difficult external environment, particularly in the euro zone which is their main economic partner. 

 

 

Key Indicators
 Population, millions  34.9  
 GDP per Capita, U.S. dollars  3133.9
 GDP Growth, percent
 4.12
 Inflation, end of period, percent  0.75
 General Government Debt, percent  65.13
 Doing Business Ranking, 2019  60
*Figures are for the period 2017, unless otherwise indicated.

 

Country Websites

Central Bank of Morocco
Ministry of Economy and Finance
Ministry of Industry, Trade, Investment and Digital Economy
Royal Institute for Strategic Studies

Partner Websites

Morocco and the AfDB
Morocco and the IMF; IMF Technical Assistance Center
Morocco and the WBG

Morocco Reform Matrix May 2022
Morocco Reform Matrix April 2021
Latest IMF Report on Morocco July 2019
Country Private Sector Diagnostics June 2019
Morocco—Presentation to the G-20 Deputies April 2017
Morocco—Presentation during the IMF-WB Spring Meetings April 2017
Latest IMF Report on Morocco March 2018
Prospectus August 2017
Morocco Policy Matrix March 2018
Morocco Policy Matrix September 2018


Automotive Industry

  1. About 177 automotive industry companies based in Morocco

  2. 1st Moroccan exporter sector since 2014

  3. 2nd manufacturer in the continent

Main groups

  1. RENAULT, SNOP, GMD, BAMESA, DELPHI, YAZAKI, SEWS, SAINTGOBAIN, PSA Peugeot Citroën

Key objectives

  1. Increase the local integration rate at 80% through the development of ecosystems driven by FDI

  2. Production of 600,000 cars and 200,000 engines


Aeronautics

  1. About 115 aeronautic industry companies

  2. 4.5% of exports compared with 1% a decade ago

  3. 17% average annual growth since 2010

Main groups

  1. BOMBARDIER, EADS, BOEING, SAFRAN, LISI AEROSPACE, LE PISTON FRANÇAIS, DAHER, SOURIAU, RATIER FIGEAC, EATON, AEROLIA, LES ATELIERS DE LA HAUTE GARONNE, ALCOA

Key objectives

  1. Increase the local integration rate to 35% from 18% currently


Textiles

  1. About 1,200 textile and leather industry companies

  2. 7% of industrial value added

Strategic activities

  1. Technical Textile, Fast Fashion, Denim, Home Textile & Knitting

Main groups

  1. FRUIT OF THE LOOM, DÉCATHLON…

Key objectives

  1. + 5 billion MAD of export sales

  2. Attract +70 locomotive ecosystem investment projects

Renewable Energy

  1. Masen Group—dedicated actor in charge of developing a renewable energy ecosystem enabling socio-economic development relying on an attractive investment framework

  2. Solar power—About 1500 MW of installed capacity developed or under development in 2016

  3. Wind power—About 2000 MW of installed capacity developed or under development in 2016

  4. Hydropower—About 1800 MW of installed capacity developed or under development in 2016

  5. Overall target is to reach 52 % installed capacity (solar, wind, hydro) by 2030 involving a significant pipeline of projects of more than 10,000 MW to be implemented by public and private sectors

Infrastructure & Logistics

Objective is to improve infrastructure to accompany industrial acceleration through greater private sector participation under PPPs.

Road Plan 2035

  1. 2,000 km of expressway

  2. 45,000 km of rural roads

  3. 2,000 km of roads rehabilitated / year

  4. 1700km highways, double by 2035

Rail Plan 2040

  1. 2,743 Km of lines

  2. 1,563 Km of high-speed train lines

  3. 63 km Mohammedia: Casablanca—Airport Med V

Port Strategy 2030

  1. 2 major port complexes currently under construction: Kénitra Atlantic (Phase I), Nador West-Med (Phase I)
  2. 6 new ports: Dakhla Atlantic
  3. 4 existing ports will be expanded

Airports Development 2030

  1. Increasing capacity from 28 to 90 million passengers a year
  2. Strengthening Casablanca Mohamed V Airport position as a regional hub
  3. Relocation project of Marrakech Menara Airport
  4. Extension of several airports

Logistics Competitiveness 2030

  1. Creation of 70 logistics zones in 28 cities on 3,300 ha of which 1,080ha in the medium term.
  2. Four main logistics parks: Deroua / Oulad Saleh / Nouaceur / Lakhyayata

See Full Prospectus


 

Country

Jilali Kenzi

j.kenzi@tresor.finances.gov.ma


African Development Bank

Brice Mikponhoue

b.mikponhoue@afdb.org

 

Leila Farah Mokaddem

L.MOKADEM@AFDB.ORG


International Monetary Fund

Nicolas Blancher

nblancher@imf.org

 

Jean Frederic Noah Ndela

JNoahNdela@imf.org


World Bank Group

Marie Francoise Marie-Nelly

mmarienelly@worldbank.org

 

Georges Joseph Ghorra

gghorra@ifc.org

 

Gabriel Sensenbrenner

sensenbrennerg@worldbank.org

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