Rabat – Morocco’s General Confederation of Enterprises (CGEM) hosted a high-level meeting with an International Monetary Fund (IMF) delegation yesterday in Casablanca.
The gathering, led by CGEM Vice President Mehdi Tazi, included several commission heads and centered on key priorities for Morocco’s socio-economic development.
“This meeting allowed us to exchange views on challenges and opportunities shaping Morocco’s economic landscape,” Mehdi Tazi said. “It also underlined the private sector’s critical role in advancing strategic initiatives and strengthening resilience.”
The meeting took place as part of Morocco’s annual consultations and the IMF’s third review of the Resilience and Sustainability Facility (RSF).
Morocco has benefited from this financing program, which supports countries in addressing structural challenges like climate adaptation and economic stability.
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CGEM representatives shared detailed insights into Morocco’s economic progress, including the impact of flagship projects tied to hosting the 2025 Africa Cup of Nations and the 2030 FIFA World Cup. Discussions noted the need for sustained efforts in four priority areas:
– Renewable energy: Tazi spoke on Morocco’s progress in renewable energy, noting that the country has already achieved 44% of its installed capacity through renewable sources. “We expect to reach the 52% target by 2027, well ahead of schedule. Private sector involvement will remain essential in achieving this milestone,” he said.
– Small and medium enterprises: The delegation addressed the challenges faced by SMEs, which CGEM described as “the backbone of Morocco’s economy.” Tazi noted the importance of providing targeted support to these enterprises, calling them key drivers of job creation and innovation.
– Investment and financial tools: CGEM commended the Mohammed VI Investment Fund and the updated national investment charter as valuable mechanisms for boosting economic activity. “These initiatives are already showing results,” Tazi remarked while also recommending an expansion of their benefits to include SMEs more directly.
– Employment opportunities: The meeting included proposals to tackle unemployment, particularly among youth and women. “We need strategies that not only create jobs but also ensure alignment between skills and market needs,” Tazi said.
The IMF delegation noted the importance of private sector input in shaping economic policies and building resilience.
“This dialogue notes the strong partnership between the private sector and government,” Tazi concluded. “Together, we aim to create value-added investments and lay the groundwork for long-term economic sustainability.”
