The Financial Inclusion Strategy: A Driver of Economic Resilience in Morocco

Abstract

Today, financial inclusion is a central issue in economic and social development, facilitating equitable access to financial services such as bank accounts, credit, savings and insurance. Its recent expansion has been stimulated by the digitization of financial services, incentive-based public policies and the involvement of private players, thus helping to reduce poverty and inequality. It is seen as a strategic lever for strengthening economic resilience and promoting more inclusive growth. However, despite these advances, challenges remain, including disparities in access, regulatory constraints and the risks associated with digital financial services. Morocco, while committed to this global dynamic, still has to overcome structural obstacles, such as limited access to banking services in rural areas and the prevalence of the informal sector. To remedy this, the country has set up the Stratégie Nationale d'Inclusion Financière (SNIF), aimed at improving access to financial services, particularly for vulnerable populations and small businesses. As such, this study will analyze the role of financial inclusion in strengthening Morocco's economic resilience. The aim is to assess how SNIF contributes to the country's ability to cope with economic shocks and foster sustainable growth. To do so, we will examine the main elements of this strategy and its impacts, which will be developed throughout this research.