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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

What is the Closed Compact Report?

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. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. 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.

  7. Small Scale Fisheries Project

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

  8. Compact Changes

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

  9. Coordination and Partnerships

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

  10. Conditions Precedent

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