This paper estimates Morocco's natural interest rate (NIR) using two approaches: a standard HLW-type framework and an augmented specification that incorporates external factors, namely imported inflation, and movements in the real effective exchange rate. The results point to a downward trend in...

This study examines the systemic operational risk in Morocco's banking sector using a Panel VAR model based on data from three banks over ten years. The model includes real GDP, interbank rate (TMP), and bank credit, alongside indicators of operational, credit, and liquidity risks. The Impulse...

This study evaluates the competitiveness of renewable and dispatchable energy sources in Morocco by analyzing the levelized cost of electricity (LCOE) for various power generation technologies. The objective is to identify the most and least competitive technologies by comparing their average...

The Blue Economy is a transformative approach to sustainable development that balances economic growth, job creation, and environmental conservation by harnessing ocean resources responsibly. It serves as a key pillar in diversifying the economy, strengthening food security, and generating...

This study investigates the nexus between leverage and financial performance in a sample of 54 Moroccan agricultural small- and medium-sized enterprises (SMEs) over the period of 2017-2022. Drawing on trade-off, pecking order, and agency theories, this analysis examines whether different levels...

As Morocco aspires to position itself as a regional hub for financial innovation in Africa, its Fintech sector presents a paradox: despite a robust digital infrastructure and growing institutional support, adoption remains limited. Systemic barriers-such as a persistent cash-based culture, low...

Drawing on data from Rounds 7-10 of the Afrobarometer survey, conducted in Morocco between 2018 and 2024 (n = 4,800), this study examines the relationship between lived poverty and attitudes toward immigrants and foreign workers. Lived poverty is measured using an index that combines the...

Among the employability support programs, there are those that promote employability through training and those that offer wage subsidies to reduce costs. This study evaluates the impact of the Moroccan 'IDMAJ' program, which falls into the latter category. The results reveal a positive impact...

This article explores the determinants of bank credit granted to very small, small, and medium sized enterprises (VSMEs) in Morocco over the period 2014-2024. The study focuses on the combined effects of monetary policy signals, prudential regulation, and government credit guarantees on this...

This paper presents Morocco's Request for an Arrangement under the Flexible Credit Line (FCL) and Cancellation of the Current Arrangement. The Moroccan economy has shown sustained track record of implementing very strong policies and remarkable resilience to recent shocks, although a succession...

This paper focuses Morocco's 2025 Article IV Consultation and Third Review under the Arrangement under the Resilience and Sustainability Facility. The Moroccan economy continued to show resilience despite another year of drought, with real gross domestic product growth projected to slow modestly...

Blockchain technology is being increasingly deployed to store and process transactions and information in the global financial sector. Blockchain underpins cryptocurrencies such as Bitcoin and facilitates decentralized finance (DeFi), representing a paradigm shift in the global financial...

The watershed represents a holistic system whose poor understanding of its multiple subsystems can lead to a pronounced water scarcity. This study aims to develop an innovative technique for managing water resources within the Souss-Massa watershed. It uses the System Dynamics (SD) methodology...

Traffic congestion in urban centers not only hampers mobility but also significantly impacts economic activities and environmental sustainability. This study leverages advanced machine learning techniques to analyze and predict traffic jams, utilizing a detailed dataset of 9847 recorded accident...

This research examines the impact of codes of conduct imposed by international lead firms on subcontractors in Morocco’s textile and apparel sector. Based on a qualitative study conducted in the two main industrial hubs (Tangier and Casablanca), it explores the diffusion of corporate social...

This country report provides a description of the emergence of a health care system under public responsibility in Morocco. The inception of the health care system refers to the first legislation stipulating entitlements to medical care. The report also includes a brief description of major...

Background: The objective of this qualitative research was to explore the impact of certain predefined factors on the sustainability of supply chains in Industry 5.0. The sustainability of supply chains was assessed by considering six factors from the existing literature: circular logistics,...

In this study, we aimed to assess the effectiveness of monetary policy in influencing housing prices in Morocco. Bayesian estimation over the period 2007Q2-2017Q2 of a dynamic stochastic general equilibrium model allowed us to reveal a significant impact of the increase in policy interest rates...

This paper introduces a novel empirical approach, combining sigma convergence and sigma counterfactual statistics, to examine the dynamics of structural transformation in Morocco from 1990 to 2018. The findings reveal that Morocco experienced structural transformation driven by labor...

This report provides a crucial analysis of these evolving dynamics, focusing on their impact on Africa's automotive sector–a key industry for the continent's industrialisation strategy and at the core of the transformation of global value chains in the last 30 years.

Despite the drought causing a modest deceleration of overall GDP growth to 3.2 percent, the Moroccan economy has exhibited some encouraging trends in 2024. Non-agricultural growth has accelerated to an estimated 3.8 percent, driven by a revitalized industrial sector and a rebound in gross...

We examine colonial-era primary education as a determinant of modern-day attainment and gender disparities in education. We construct a novel dataset from the French Protectorate in Morocco, combining archival data on colonial school locations in 1931 and 1954 with the most recent Demographic...

This paper investigates the firm-level determinants of debt policy in private family SMEs. It employs a comparative analysis of two sub-samples of family and non-family SMEs using panel data from 200 Moroccan SMEs over the period from 2018 to 2022. The findings reveal that family SMEs adopt a...

Effectively assisting urban designers in developing resilient urban areas requires innovative approaches. Moreover, using spatial analysis is necessary to assess the effectiveness of the conceptual design depending on different specifications. Even though these concepts are closely related, they...

This study investigates the role of housing prices in the Moroccan economy and their response to monetary policy shocks. Using a Structural Vector Autoregression (SVAR) model, we explore the transmission mechanisms of monetary policy through various channels, including interest rates, credit...

The Country Opinion Survey in Morocco assists the World Bank Group (WBG) in better understanding how stakeholders in Morocco perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the private sector,...

This study evaluates the socio-economic impact of rural electrification through photovoltaic (PV) systems in Morocco. As part of the country's broader energy transition strategy, decentralized renewable energy solutions like PV kits have been deployed to improve energy access in isolated rural...

In recent years, Morocco has shifted from being primarily a country of transit and emigration to becoming a country of settlement. This evolution is largely driven by increased border restrictions and pushbacks, which have made migration routes to the EU less accessible. As a result, the city of...