Hommam Al Nassim 
The Board of Directors of the European Bank for Reconstruction and Development (EBRD) announced its approval of its Country Strategy for Morocco for the period 2024 to 2029, which focuses on the private sector, inclusive growth, and green transformation.
In a press release, the EBRD Country Director for Morocco, Antoine Salé de Chaux, stressed that the adoption of the new strategy is an essential step for both the Bank and Morocco, as it will guide the Bank’s investments and dialogue on the policies that must be implemented over the next five years to promote inclusive and sustainable economic growth in the country.
The new strategy, defined in collaboration with the Moroccan government, aims to support Morocco in its transition to a privately investment-driven economy as part of its new development model.
Du Shaw added that the bank will promote greater regional integration and help the country strengthen its position as a gateway to Africa, as well as support the development of a public-private partnership program.
The new strategy also aims to accelerate Morocco’s transition to a green economy, by valuing the country’s positive dynamics, improving water resources management, and promoting water projects.
The bank confirmed that the new strategy was approved after a comprehensive consultation phase with shareholders, Moroccan authorities, the private sector, and civil society.
A seawater desalination plant is being established in Morocco to combat drought