Morocco’s preparations for hosting the 2030 FIFA World Cup are expected to involve a significant multi‑year infrastructure investment program amounting to about 12% of GDP between 2024 and 2030, according to the International Monetary Fund’s latest Article IV consultation report.
The IMF estimates total spending at around 190 billion Moroccan dirhams ($20 billion), covering mostly projects in railways, roads, airports, stadiums and urban transport, largely implemented by public enterprises and financed mainly through domestic borrowing, external loans and bond issuance.
Under the IMF’s baseline scenario, the investment program is projected to raise real GDP by about 2% by 2030 compared with a scenario without the additional infrastructure push, with gains rising to roughly 3% in subsequent years as productivity improves.
Infrastructure investment has historically been a key driver of Morocco’s growth, accounting for nearly one‑fifth of productivity gains since 2005, outperforming many regional and middle‑income peers, the Fund noted.
The report also documents macro‑fiscal implications under different assumptions. In the baseline scenario, higher public investment would be accompanied by a temporary widening of the fiscal deficit averaging about 1.2% of GDP per year over 2024–2030, while public debt increases by around 7–8 percentage points of GDP before declining gradually over the longer term.
