Marrakech – The World Bank’s Board of Directors on Friday approved two programs worth a combined $650 million to support Morocco’s digital transformation and financial resilience against climate, disaster, and cyber risks.
The first, the $250 million Morocco Digital Transformation Acceleration Program, will back the national Digital Morocco 2030 strategy. It targets the deployment of user-centric public digital services for citizens and businesses, the government’s transition to cloud systems, and the expansion of financing and capacity-building for the startup ecosystem.
The program also covers AI innovation, digital transformation of micro, small, and medium enterprises, job creation in the offshoring sector, and growth of the national digital talent pool.
A central component is the National Sovereign Wallet, anchored to the national identity card, which will allow citizens to securely store and share official documents digitally. The program also aims to deliver end-to-end digital access to priority public services through a unified national portal, cutting reliance on in-person administrative visits.
On the private capital front, the program is expected to mobilize close to $200 million through government-supported risk-sharing mechanisms for startup financing and MSME digitization. It places particular emphasis on youth and women’s participation in the digital economy, with measurable results targeted by 2031.
The second, the $400 million Morocco Climate & Risk Finance Program, will strengthen the country’s financial defenses against climate shocks, natural disasters, and cyber threats.
It will develop cyber and disaster insurance instruments, reinforce digital payments infrastructure to accelerate post-shock financial flows, and build financial regulators’ capacity to oversee climate and cyber risks to banks and insurers.
To attract private investment in climate infrastructure, the program will establish a Project Preparation Facility to develop commercially viable projects in renewable energy, energy efficiency, sustainable transport, and water infrastructure. Blended finance structures and capital market tools will be deployed to channel private capital into climate-aligned projects at scale.
Over five years, the program aims to mobilize up to $400 million in private capital, put in place $1 billion in pre-arranged disaster financing, and extend cyber risk coverage to at least 20 financial entities.
“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 the climate, disaster, and cyber risks of a rapidly changing world,” Ahmadou Moustapha Ndiaye, Division Director for the Maghreb and Malta at the World Bank, said.
“Together, these programs will support an integrated architecture for Morocco’s next decade – one that mobilizes private capital, creates jobs for youth and women, and advances the country’s climate commitments.”
The two approvals add to a growing series of World Bank engagements with Morocco in recent years, spanning digital governance, climate adaptation, financial sector reform, and private capital mobilization. Both programs were developed in close collaboration with the Moroccan government.
