Country Partnership Framework for the Kingdom of Morocco for the Period of FY19-FY24
This Country Partnership Framework (CPF) for Morocco for the period FY2019-24 has the overarching goal of contributing to social cohesion by improving the conditions for growth and job creation and reducing social and territorial disparities. Prepa...
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| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/101781550869524206/Morocco-Country-Partnership-Framework-for-the-Period-of-FY19-FY24 http://hdl.handle.net/10986/31318 |
| Summary: | This Country Partnership Framework (CPF)
for Morocco for the period FY2019-24 has the overarching
goal of contributing to social cohesion by improving the
conditions for growth and job creation and reducing social
and territorial disparities. Prepared collaboratively by
IBRD, IFC and MIGA, the CPF translates the recommendations
of the SCD and the Country Private Sector Diagnostic (CPSD)
into an integrated World Bank Group (WBG) engagement. The
CPF is aligned with the objectives of the Government’s
Program and Medium-Term Strategy 2017-21. It is also
consistent with the third phase (2019-23) of the
Government’s National Initiative for Human Development
(INDH), which focuses on strengthening human capital through
improved education, healthcare and social protection, and on
enhancing youth economic inclusion. Opportunities for youth
are at the center of the CPF.The CPF responds to Morocco’s
ambition to successfully navigate this crucial point in its
history. To achieve its objective of contributing to social
cohesion and reducing social and territorial disparities,
this CPF pursues three strategic focus areas: (A) Promoting
Job Creation by the Private Sector; (B) Strengthening Human
Capital; and (C) Promoting Inclusive and Resilient
Territorial Development. Governance and Citizen Engagement
are the foundational principles of the CPF, and Gender and
Digital Technology are cross-cutting themes.Strong country
ownership and demand are important determinants of the
specific activities included in the CPF program. The first
three years of the program have been defined jointly with
the Government. The program supports the shift to a new
development model, based on a scenario of deep and sustained
structural reforms to increase productivity gains with
special attention to innovation, market contestability and
unleashing private sector potential.Under this scenario,
Morocco would be able to maintain a relatively high rate of
economic growth and economic convergence with more developed
countries while preserving macroeconomic stability. The
other two possible scenarios: voluntary growth-oriented
policies without productivity-enhancing reforms or the
pursuit of current macroeconomic and structural policies
would respectively lead to large macroeconomic imbalances or
a disappointing growth performance. |
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