The government of Morocco has announced substantial progress in its plans to establish a National Development Bank, a flagship initiative intended to drive long-term, inclusive, and structured economic growth. Officials say the institution will play a critical role in addressing structural bottlenecks in the economy while helping the country withstand persistent challenges such as climate change impacts, global market volatility, and regional instability.
Government spokesperson Inocencio Impissa, speaking after the weekly Council of Ministers meeting on Tuesday, confirmed that several preparatory milestones have already been reached. These include the formulation of the bank’s initial legal framework, which sets out its mandate, governance structure, and operational guidelines. The draft legislation is scheduled to be released for public consultation in the coming days, allowing civil society, private sector actors, and other stakeholders to contribute feedback before final approval.
Boost in growth development
“The National Development Bank will be a key instrument for leveraging Mozambique’s development in a more structured and inclusive manner,” Impissa said. “It will create dedicated financing channels for the productive sector, foster industrial capacity, and help accelerate our post-crisis economic recovery.”
The proposed institution is expected to focus on channeling capital into sectors with high growth potential and strategic importance. Agriculture, infrastructure development, and industrialization have been identified as priority areas, with the goal of improving productivity, boosting domestic value chains, and reducing dependence on imports. The bank is also expected to design financing products tailored to small and medium-sized enterprises (SMEs), enabling them to expand operations and access new markets.
Officials view the bank as a tool not only for growth, but also for building resilience to external shocks, including extreme weather events and global economic slowdowns. Mozambique’s vulnerability to cyclones, floods, and droughts has repeatedly disrupted economic activity, highlighting the need for targeted investment in climate-resilient infrastructure and sustainable farming practices.
Impissa noted that these efforts are supported by a more stable macroeconomic environment and improved policy coordination between government agencies. He also pointed to ongoing collaboration with international development partners, which will provide technical expertise, funding support, and institutional capacity building for the bank’s launch.
Once operational, the National Development Bank is expected to work closely with both public and private stakeholders to mobilize domestic and international capital. Authorities hope this will significantly increase the availability of long-term financing for development projects and help Mozambique transition toward a more self-sustaining and diversified economy.