Closed Compact Report

Morocco Compact

  • Signed: August 31, 2007
  • Entry into Force: September 15, 2008
  • Compact End Date: September 15, 2013

Introduction

In 2008, MCC partnered with Morocco to implement a five-year, $697.5 million compact that modernized industrial sectors such as textiles, agribusiness, fishing and handicrafts.

Country Context

The Moroccan economy had seen 30 years of relative macroeconomic stability but slow growth, which led to consistently high unemployment. This compact was an opportunity to stimulate economic growth by investing sectors with high potential.

Artisan and Fez Medina Project

The Artisan and Fez Medina Project was designed to stimulate growth by leveraging links between the craft sector, tourism, and the Fez Medina’s cultural, historic and architectural assets.

Enterprise Support Project

The Enterprise Support Project aimed to address two of Morocco’s critical economic priorities: reduce high unemployment among young graduates and encourage a more entrepreneurial culture.

Financial Services Project

The Financial Services Project aimed to provide low-income populations with access to microfinance services by developing a network of mobile micro-credit associations.

Fruit Tree Productivity Project

The Fruit Tree Productivity Project was designed modernize and stimulate growth in the agricultural sector by moving toward higher-value perennial crops.

Small Scale Fisheries Project

The Small-Scale Fisheries Project aimed to transform the sector by building coastal landing sites and port infrastructure.

Compact Changes

Learn how MCC and the Government of Morocco mutually agreed-upon adjustments to compact targets.

Coordination and Partnerships

Learn about MCC’s efforts to leverage resources and expertise from donors and international institutions as part of the Morocco Compact.

Conditions Precedent

Read the agreed upon conditions that needed to be met under the compact prior to disbursing project funds.