In 2024, the OPEC Fund for International Development granted Morocco funding of 100 million dollars, aimed at supporting its economic reforms and development. This initiative is part of a broader approach to financing government projects, with other beneficiary countries such as Jordan, Armenia, Montenegro, and Uzbekistan.
This financial support is part of a desire to strengthen Moroccan public policies, particularly in key sectors such as energy, agriculture, and infrastructure. The goal is to accelerate the modernization of the country and promote inclusive growth. In 2024, the OPEC Fund allocated nearly 39% of its commitments to projects in North Africa, the Middle East, Europe, and Central Asia, thus confirming its key role in supporting emerging economies.
In the face of growing challenges related to food security, the organization has tripled its funding in the agricultural sector, focusing on sustainability and resilience to climate change. At the same time, the Fund has invested nearly 40% of its energy budget in renewable energies, particularly through hydraulic and wind projects in Asia and Africa. In the medium term, Morocco could benefit from new support for the development of its green energy sector.
The OPEC Fund has also deployed over 270 million dollars to facilitate access to financing for SMEs through partnerships with local banks and governments. Additionally, 375 million dollars have been mobilized for international trade financing operations, particularly in the agricultural sector. This initiative could represent an opportunity for Morocco, which seeks to strengthen its competitiveness in international markets.