Finance Headlines Morocco

Morocco Strengthens Strategic Position Within African Development Bank

Morocco and the African Development Bank are consolidating their partnership following high-level discussions in Abidjan that showcased significant Moroccan participation. Finance and Economy Minister Nadia Fettah attended the inaugural Strategic Dialogue of the African Development Bank, a premier platform for exchanges among African decision-makers, particularly finance and economy ministers.

The first edition focused on domestic resource mobilization, bringing together fifteen African countries to share best practices and ongoing reforms in this strategic domain. Fettah presented Morocco’s roadmap for fiscal resource mobilization, initiated by the 2019 National Tax Conference and reinforced through dedicated framework legislation establishing structural guidelines and implementation milestones.

The minister highlighted Morocco’s progressive reform approach covering major state taxes including income tax, corporate tax, and value-added tax. She emphasized the critical importance of digitalizing fiscal processes and establishing lasting trust between citizens and administration as essential levers for ensuring reform effectiveness and sustainability.

Regarding the AfDB’s role in promoting best practices for resource mobilization, Fettah stressed its vocation as an aggregator and catalyst for initiatives already launched continentally under African tax and customs administrations’ supervision. Participants unanimously praised Morocco’s advances and expressed interest in benefiting from Moroccan experience in this field.

During bilateral meetings with the Bank Group president, discussions addressed strengthening Morocco’s positioning within Bank governance and enhancing the impact of AfDB interventions while optimizing financial instruments and consolidating its role as a continental solutions platform serving African states.

These talks followed November 2025 meetings in Rabat between Prime Minister Aziz Akhannouch and AfDB President Sidi Ould Tah, who expressed gratitude for Morocco hosting the Africa Investment Forum and for Morocco’s support as the institution’s primary partner.

Morocco’s active project portfolio financed by the AfDB comprises 32 projects with total commitments reaching $3.2 billion. Interventions are framed by the Country Strategy Document (2024-2029), developed in close collaboration with Moroccan authorities, focusing on strengthening inclusive growth through skills development and consolidating resilience through sustainable infrastructure.

The Board recently approved a €450 million non-sovereign partial credit guarantee for OCP Group, marking this financing instrument’s first deployment in Morocco to secure long-term funding for OCP’s Green Investment Program 2023-2030.

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