The World Bank has approved two new programs totaling $650 million to support Morocco’s digital transformation agenda and strengthen the country’s resilience to climate, disaster, and cyber risks. The initiatives are designed to advance long-term economic modernization while unlocking private investment and creating new employment opportunities.
The $250 million Morocco Digital Transformation Acceleration Program will support the country’s “Digital Morocco 2030” strategy by expanding access to user-centric digital public services for citizens and businesses. It will also support the transition to cloud-based government systems, strengthen startup ecosystems, promote artificial intelligence innovation, and accelerate the digitalization of micro, small, and medium enterprises. The program places strong emphasis on youth and women’s participation in the digital economy, with expected gains in digital skills development and job creation in sectors such as outsourcing and technology services.
A key component of the initiative includes the development of a unified national digital portal for public services and a secure national digital wallet linked to identity systems, allowing citizens to store and share official documents electronically. The program is also expected to mobilize significant private capital through risk-sharing mechanisms to support startups and small businesses.
The $400 million Morocco Climate & Risk Finance Program aims to strengthen financial resilience against climate-related shocks, disasters, and cyber risks while expanding access to climate finance. It will introduce insurance and risk transfer mechanisms, reinforce financial regulatory frameworks, and improve digital payment systems to ensure faster financial response after crises. The program also includes the establishment of a project preparation facility to develop investable infrastructure projects in renewable energy, transport, water, and energy efficiency.
In addition, the initiative is expected to mobilize private capital for climate infrastructure, expand disaster risk financing, and enhance cyber risk coverage across financial institutions. It will also support blended finance solutions to attract investment into sustainable development projects.
Together, the two programs aim to mobilize up to $400 million in private capital, provide $1 billion in pre-arranged disaster financing, and extend cyber risk protection to at least 20 financial institutions, while supporting Morocco’s broader goals of economic modernization, digital inclusion, and climate resilience.
