Morocco—Repositioning for Globalization

Morocco is the fifth largest economy in Africa. It is also one of the most weather dependent on the continent. Changes in the weather have been the main determinant of macroeconomic and social trends in the country. Along with the weather, slow adoption of policies for sustained growth and macroeconomic stability constrained economic performance in the mid-1990s. Recognizing the potential benefits of active integration with the world economy, the Moroccan government has shown increased commitment to opening the economy. This renewed commitment is reflected in policies to attract foreign direct investment from beyond the Middle East and North Africa—implementing a transparent privatization programme, removing tariff barriers, reforming financial sector regulations, and strengthening stock exchange operations. To ensure a more equitable distribution of the gains from trade, the government has intensified efforts to improve domestic competition, expand rural infrastructure, and reform griculture.

Sustainable Development Goals:

Decent Work and Economic Growth

Reduced Inequalities

Partnerships for the Goals