A US$200mn loan from the World Bank will help the Moroccan government’s efforts to reform the country’s financial sector.

The loan is designed to help foster an efficient financial sector that better supports Morocco’s development and growth objectives, by helping to strengthen the legislation, regulation and supervision of the financial sector.

The project will also encourage the restructuring of specialised public financial institutions in handling their stock of non-performing assets and to bolster their role in the financial sector. Another dimension to reform programme are improvements the infrastructure, transparency, and integrity of the financial sector by modernising payment systems; strengthening anti-money laundering and terrorism-financing measures; and enhancing the quality of financial information.