African Development Bank lends Morocco €434.4 million for reforms
By the AFREEQUE newsroom, based on Aujourd’hui le Maroc and Le Matin
Morocco and the AfDB signed an agreement in Rabat on Friday 13 November 2026 for €434.4 million (nearly 4.8 billion dirhams) for the third phase of the programme supporting economic governance and climate resilience. The financing is intended to refocus the state on its strategic functions and make the private sector the driver of investment, according to Morocco’s Economy Ministry.
The financing for the third phase of the Programme to Support the Strengthening of Economic Governance and Resilience to Climate Change is intended in particular to support the restructuring of Morocco’s public enterprise portfolio and the modernisation of the framework for public-private partnerships. The programme also aims to improve the business climate to increase private investment, particularly in small and medium-sized enterprises, innovation and integration into global value chains, according to Aujourd’hui le Maroc.
A second component of the programme is to strengthen Morocco’s climate and energy resilience. The signing ceremony in Rabat brought together Fouzi Lekjaa, Morocco’s Minister of Economy, Finance and Public Performance and governor of the Bank for Morocco, and Achraf Hassan Tarsim, the African Development Bank’s country manager for Morocco.
Fouzi Lekjaa said the partnership was based on the African Development Bank’s renewed confidence in the reform drive under way in Morocco. Achraf Hassan Tarsim said the bank wanted to support the country’s economic transformation, strengthen growth and promote job creation, according to Aujourd’hui le Maroc.
The agreement follows previous financing of $487 million granted by the AfDB to Morocco for its reforms on 22 October 2026. financing of $487 million granted by the AfDB to Morocco
