The World Bank’s Board of Directors has approved a USD 500 million financing package for the Kingdom of Morocco under the First Morocco Jobs and Green Growth Development Policy Loan, the first of three planned operations. The program backs Morocco’s Jobs Roadmap by combining labour market measures with reforms to support more dynamic firms, particularly small and medium-sized enterprises (SMEs), and policy actions to catalyse investment in clean energy, energy efficiency and export-oriented pharmaceuticals. The operation targets expanded active labour market programmes for youth and women, with an objective to reach more than 330,000 job seekers by 2029, alongside steps to better align education and training with private sector needs. It also supports higher female labour force participation by increasing the supply of licensed childcare, adding more than 40,000 new places and creating 1,200 direct jobs for women in the sector. On the business side, measures include modernising the insolvency framework, strengthening SME credit guarantee mechanisms and streamlining investment processes through Regional Investment Centers. In energy and industry, the package supports removal of barriers to private investment in renewables, the growth of energy efficiency services, and the expansion of Morocco’s pharmaceutical exports, with export targets expected to grow nearly sevenfold by 2029. Further operations in the planned series are intended to deepen investment climate reforms and expand green and inclusive growth measures as implementation progresses.

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