First Financial and Digital Inclusion Development Policy Financing

closed

Closed

The development objective of First Financial and Digital Inclusion Development Policy Financing (DPF) for Morocco is to improve financial inclusion, digital entrepreneurship and access to digital infrastructure and services for individuals and businesses and strengthen resilience of households and firms. Financial inclusion has emerged in recent years as a significant policy priority to promote social and economic inclusion and job creation opportunities for households and MSMEs; this has become more relevant in the context of Coronavirus (COVID-19) pandemic. This DPF series is well-aligned with the existing government program and will support the authorities to respond to the COVID-19 pandemic and plan for recovery. The DPF series supports the government initiatives to digitalize its payments, in particular the Tayssir program which is critical for continuing public services delivery and improving resilience of households. The program supports the Government of Morocco (GOM) efforts to accelerate the development of an accessible, good quality and affordable digital broadband service over the Moroccan territory that have further gained importance with the Coronavirus (COVID-19) pandemic. The program contributes to the realization of the GOM vision of a key role for young enterprises, including innovative and digitally enabled that are critical for economic recovery after the Coronavirus (COVID-19) pandemic and a more inclusive economy in Morocco. Finally, the program supports the participation of small businesses to government procurement and the mandatory use of electronic government procurement (e-GP) that are critical for economic resilience and recovery in the wake of Coronavirus (COVID-19) pandemic.

World Bank Group

Project

Broadband, Telecommunications, Government