WASHINGTON — The World Bank Group, in partnership with the Ministry of Economy and Finance of Morocco and Agence Française de Développement Group (AFD Group), on February 11 convened a high-level forum titled: 'The Power of Co-Financing' to strengthen collaboration among development partners and countries.
With global development needs expanding rapidly, no single institution can address them alone. By aligning efforts and jointly financing projects, development partners can mobilize greater resources, undertake larger and more complex investments, and accelerate delivery of results—supporting countries in advancing poverty reduction and shared prosperity. Initiatives such as Mission 300 and AgriConnect demonstrate how shared platforms can unite partners and unlock financing at scale.
Morocco has emerged as a leader in co-financing, backed by a strong track record of effective collaboration. Over the past decade (FY16–26 YTD), five projects supported by the World Bank Group in Morocco have been co-financed, mobilizing more than $2 billion. These partnerships have been instrumental in advancing urban development, agriculture, and transport, with cooperation now expanding into health, energy, and digital development.
“Morocco’s experience shows that co-financing is not just about pooling resources — it is about delivering larger, faster, and more transformative results,” said Nadia Fettah, Minister of Economy and Finance of Morocco.
“When development partners align behind country priorities, we can mobilize more resources — including private capital — reduce aid fragmentation, and support transformative investments. Morocco is an excellent example of what is possible when we truly work together to create jobs and expand opportunities,” said Anshula Kant, Managing Director and Chief Financial Officer of the World Bank Group.
“At a time when development needs are growing faster than available resources, co-financing is an essential part of the solution,” said Rémy Rioux, Chief Executive Officer of AFD Group. “This forum reflects our shared ambition to streamline procedures and build on our respective strengths. By pooling financing, expertise, and operational experience, we can deliver stronger projects and achieve results more efficiently for partner countries.”
Discussions at the forum focused on how joint financing can maximize the impact of available resources and accelerate project implementation. Participants also explored the role of private sector co-financing in expanding funding sources and sharing risk.
At its core, the forum underscored a shared commitment to turning collaboration into collective action—demonstrating that when partners work together, they can deliver more, and deliver faster.
Source: World Bank Group
