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Morocco Secures €500 million OPEC Fund Partnership to Boost Sustainable Growth
During a side‑event at the World Bank and IMF Spring Meetings in Washington, Finance Minister Nadia Fettah El Ouaradi met with Abdulhamid Al Khalifa, President of the OPEC Fund for International Development. The two leaders signed a Country Partnership Framework worth roughly €500 million for 2026‑2028, aimed at bolstering Morocco’s resilient economy, fostering sustainable growth, and investing in human capital amid global uncertainties. The agreement reinforces a long‑standing collaboration, with the OPEC Fund pledging support for priority projects in strategic sectors as Morocco navigates regional tensions and seeks to deepen its development agenda.
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Key Meeting in Washington
On 14 April 2026, Finance Minister Nadia Fettah El Ouaradi held talks with Abdulhamid Al Khalifa, President of the OPEC Fund for International Development, on the sidelines of the World Bank and IMF Spring Meetings.
Morocco’s Economic Resilience Highlighted
The minister emphasised Morocco’s ability to stay on a stable growth path despite heightened global volatility, pointing to a strong agricultural season and swift policy actions taken to mitigate recent shocks, especially those linked to Middle‑East tensions.
Signing of the Country Partnership Framework
The two leaders signed a Country Partnership Framework (CPF) covering 2026‑2028 with an indicative envelope of around €500 million. The CPF is designed to:
- Support sustainable, inclusive growth;
- Strengthen macro‑economic resilience;
- Invest in human capital development.
Strategic Priorities
The OPEC Fund pledged to back Morocco’s priority projects in strategic sectors such as renewable energy, agribusiness, and skills training, aligning with the Kingdom’s long‑term development agenda.
Continuity of Collaboration
This partnership builds on years of successful cooperation between Morocco and the OPEC Fund, reinforcing a joint commitment to the country’s socio‑economic advancement.
Source: Ministry of Economy and Finance, Morocco.