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October 2015

Closed Compact Report

Closed Compact Report: Morocco Compact

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

Closed Compact Reports are published for compacts completed before November 2017. The reports capture core information such as the country context, descriptions of compact investments and results, and information on important partnerships, policy reforms and lessons learned

  1. 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.

  2. 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.

  3. 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.

  4. 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.

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

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

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

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

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

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