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Rabat – Morocco has emerged as the 11th largest recipient of World Bank financing during the 2025 fiscal year, according to the latest statistics from the Bretton Woods institution.
These figures account for all commitments made by both the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), collectively referred to as the World Bank.
During the fiscal year 2025, covering July 1, 2024, to June 30, 2025, the World Bank’s total commitments reached $80.8 billion.
Of this, $40.9 billion came from the IBRD, which lends to middle-income countries, and $39.9 billion from the IDA, the Bank’s concessional financing arm for low-income countries. Morocco’s allocations were approved through the IBRD.
Morocco ranks 8th among IBRD borrowers
The IBRD, the world’s largest multilateral development bank, provides loans, guarantees, risk management products, and advisory services to middle-income and creditworthy low-income countries.
With $1.77 billion in net commitments in 2025, Morocco ranked as the eighth largest IBRD borrower. Brazil led the list with $3.85 billion, followed closely by Türkiye ($3.79 billion) and Argentina ($3.73 billion). Ukraine ranked fourth with $3.14 billion, ahead of the Philippines ($2.85 billion), Indonesia ($2.75 billion), and India ($2.35 billion).
Morocco’s allocation surpasses that of South Africa ($1.50 billion) and Peru ($1.21 billion), completing the IBRD’s top 10. This standing reflects the strength of Morocco’s strategic partnership with the multilateral development institution.
Regional distribution: MENA among top beneficiaries
By region, Latin America and the Caribbean were the largest beneficiaries of IBRD funding, receiving $12.4 billion, followed by Europe and Central Asia ($10.5 billion), and East Asia and the Pacific ($6.4 billion).
The Middle East and North Africa (MENA) region, which includes Morocco, ranked fourth with $5.2 billion in commitments. East and Southern Africa received $2.9 billion, South Asia $2.6 billion, and West and Central Africa $0.9 billion. Morocco accounted for 34% of IBRD approvals in the MENA region, driving its strong regional standing.
IDA funding supports low-income countries
The distinction between the IBRD and IDA is key to understanding the World Bank’s financing structure.
The IDA, the world’s largest source of concessional financing for low-income countries, committed $39.9 billion in 2025 across 303 projects. During this period, 78 countries were eligible for IDA assistance, primarily in Sub-Saharan Africa and South Asia.
Nigeria led the list with $3.15 billion, followed by Bangladesh ($3.05 billion) and Ethiopia ($2.44 billion), with Pakistan and the Democratic Republic of Congo each receiving $1.49 billion.
By combining IBRD and IDA commitments, Morocco ranked 11th among the World Bank’s top borrowing countries in 2025.
It is worth noting that some middle-income countries, such as Nigeria, qualify for both IBRD and IDA funding, a classification referred to as “blend financing.”
