The World Bank is an international development organization owned by 187 countries.
Its role is to reduce poverty by lending money to the governments of its poorer members to improve their economies and to improve the standard of living of their people.
The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy, financial or membership issues.
With a GDP per capita of US$8 368, Morocco is classified as a lower middle-income economy according to the World Bank 2021 classification.