RABAT, June 15 – The World Bank’s Board of Directors has approved two financing programs worth a combined $650 million to support Morocco’s digital transformation agenda and strengthen the country’s resilience to climate, disaster and cyber-related risks.
The financing package includes a $250 million Digital Transformation Acceleration Program and a $400 million Climate & Risk Finance Program, both designed to advance Morocco’s long-term economic modernization strategy while mobilizing greater private-sector participation.
The first initiative, valued at $250 million, will support the implementation of Morocco’s Digital Morocco 2030 strategy, which aims to accelerate the delivery of digital public services, strengthen innovation and expand opportunities within the country’s technology ecosystem.
The program will support the deployment of user-centered digital government services for citizens and businesses, facilitate the migration of public institutions to cloud-based systems and expand financing opportunities for startups and small businesses.
It will also promote artificial intelligence innovation, support the digital transformation of micro, small and medium-sized enterprises, strengthen Morocco’s digital talent pipeline and create new employment opportunities in the country’s growing offshoring sector.
A key component of the strategy is the development of a National Sovereign Wallet linked to Morocco’s national identity system.
The platform will allow citizens to securely store, access and share official documents digitally, reducing administrative burdens and improving access to government services.
Authorities also plan to expand end-to-end digital service delivery through a unified national portal designed to reduce reliance on physical administrative procedures.
The World Bank estimates that the program could mobilize nearly $200 million in additional private investment through government-backed risk-sharing mechanisms supporting startup financing and MSME digitalization.
Special emphasis will be placed on increasing participation by women and young people in the digital economy, with measurable targets extending through 2031.
The second initiative, the $400 million Morocco Climate & Risk Finance Program, is aimed at strengthening the country’s financial resilience against climate-related shocks, natural disasters and cyber threats.
The program will support the development of disaster risk financing tools, cyber insurance products and digital payment infrastructure capable of accelerating financial assistance following major emergencies.
It will also strengthen the capacity of financial regulators to oversee climate and cyber risks affecting banks, insurers and other financial institutions.
To attract greater private-sector investment into climate-related infrastructure, the initiative will establish a dedicated Project Preparation Facility focused on developing commercially viable projects in renewable energy, energy efficiency, sustainable transport and water infrastructure.
Blended finance mechanisms and capital market instruments will also be used to channel private capital toward climate-aligned investments.
Over the next five years, the program aims to mobilize up to $400 million in private investment, establish approximately $1 billion in pre-arranged disaster financing and extend cyber risk coverage to at least 20 financial institutions.
According to Ahmadou Moustapha Ndiaye, the initiatives align closely with Morocco’s long-term development priorities.
“These two new programs address critical pillars of Morocco’s transformation priorities, a digitally empowered economy, a vibrant innovation ecosystem and a financially resilient nation equipped to manage climate, disaster and cyber risks,” Ndiaye said.
The approvals add to a growing portfolio of World Bank-supported projects in Morocco focused on digital governance, climate adaptation, financial sector development and private capital mobilization.
Together, the two programs are expected to strengthen Morocco’s competitiveness, support job creation, attract new investment and reinforce the country’s resilience in an increasingly digital and climate-sensitive global economy.
