Project Summary

Approval Date 22 Aug 1989
Signature Date 11 Sep 1989
Planned Completion Date 30 Jun 1994
Last Disbursement Planned Date 30 Jun 1994
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 15124
Commitment U.A 100,000,000
Status Completion

Project General Description

The present operation is a support to the Government of the Kingdom of Morocco for the implementation of the measures contained in its medium-term economic adjustment program. It will be used to finance part of the foreign exchange expenditures for supplies and eligible equipment and necessary for the proper implementation of the adjustment program which has been defined for the period 1988-1989. This program is in keeping with the objectives set by the Moroccan authorities for the period of the Orientation and Social Development Plan covering the period 1988-1992. The program essentially consists of introducing reforms to: (i) conduct a fiscal, fiscal and monetary policy consistent with the objectives of price stability and the financing of private investment at a reasonable cost; (ii) pursue liberalization of foreign trade accompanied by a flexible exchange rate policy as well as export and investment promotion; (iii) develop a forward-looking strategy for debt management.

Project Objectives

The main objectives of the program are to: (i) ensure a GDP growth rate of around 4.6% per annum; (ii) balance public finances, while raising the level of investment, which will not only allow for more sustained growth and more sustainable, but also to ensure a better life for the population; (iii) strengthen the country's external credit, its ability to meet debt service obligations, and allow it to appeal again to the international financial market.


The program will benefit directly to the Government of the Kingdom of Morocco.

Participating Organization

African Development Bank


IATI identifier 46002-P-MA-KA0-001
Last Update 24 Mar 2023


Contact Details

Name KARANGWA Joseph

Geographic Location

Country Morocco
Coordinates Location Name
32 -6 Morocco