The World Bank has approved a $500 million loan to Morocco to support the country's transition to a green economy and boost employment opportunities. The financing is the first in a series of three Development Policy Loans (DPLs) aimed at strengthening Morocco's economic resilience and promoting sustainable growth.
The program focuses on three key areas: improving the business environment for private sector job creation, particularly for youth and women; accelerating the adoption of renewable energy and green technologies; and enhancing resilience to climate change impacts. This initiative aligns with Morocco's national strategies for development and its ambitious climate goals.
According to the World Bank, the loan supports reforms that will help decarbonize key economic sectors and create more inclusive job markets. The funding is expected to contribute to Morocco's efforts in reducing greenhouse gas emissions and building a more competitive, sustainable economy.
