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The Moroccan economy has developed and modernised over recent years, thanks in large part to ambitious reforms that the government has undertaken to improve the country’s business climate. However, challenges remain to spur growth, enhance competitiveness and generate needed jobs. To support Morocco in continuing to improve its business environment, the OECD and the Ministry of Economic and General Affairs launched a far-reaching evaluation of the country’s business climate to identify the policies necessary to attract investment at the national, regional and international levels.
This publication presents the conclusions of this evaluation as well as the key reforms necessary to create a more attractive business climate, tap the full potential of the economy and stimulate employment. The analysis phase took place over 2009-2010, and its conclusions are all the more pertinent given the changes underway in Morocco in the framework of its ambitious project of constitutional reform and regional integration process.
The Business Climate Development Strategy for Morocco findings indicate that the country is progressively aligning with OECD best practices in several areas. The country has made major strides in the areas of trade, investment and privatisation policy, and has also made progress in the promotion of SMEs, building successful public-private partnerships, and in the launching of several major infrastructure projects. However, Morocco still needs to communicate a more positive image to investors regarding its business climate, reinforce anti-corruption measures, reduce obstacles to land titling and ownership, continue to improve its infrastructure in order to increase territorial linkages, support employment-generating activities and develop managerial skills. Simplifying administrative procedures and improving institutional co-ordination are also areas for improvement. BCDS Morocco offers specific recommendations on how the policy, institutional and legal framework can be improved to enhance the business climate.
This review is the first phase of the Business Climate Development Strategy, a tool developed by the OECD to analyse and evaluate policies dealing with business and investment, to define priority reforms and to contribute to their implementation. Drawing on core OECD Instruments such as the Policy Framework for Investment (PFI) and the Corporate Governance Principles, the business climate is evaluated across 12 policy dimensions: (available only in French)
• Investment Policy and Promotion (Summary / Full chapter)
• Privatisation Policy and Public Private Partnerships (Summary /Full chapter)
• Tax Policy (Summary / Full chapter)
• Trade Policy and Facilitation (Summary / Full chapter)
• Policies for Better Business Regulation (Summary / Full chapter)
• SME Policy and Promotion (Summary / Full chapter)
• Anti-Corruption (Summary / Full chapter)
• Corporate Governance (Summary / Full chapter)
• Business Law and Commercial and Conflict Resolution (Summary / Full chapter)
• Infrastructure (Summary / Full chapter)
• Human Capital Development Policy (Summary / Full chapter)
• Access to Finance (Summary / Full chapter)
The BCDS assessment was carried out by the MENA-OECD Investment Programme in collaboration with the Moroccan government and with the contribution of the private sector. The BCDS methodology supports consensus building among stakeholders in order to highlight the value of the potential of the private sector as a catalyst for economic growth, development and employment generation in the Middle East North Africa region.
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