Since joining the OECD Declaration on International Investment in 2009, Morocco has made substantial progress in opening its economy to foreign direct investment (FDI) and integrating into global value chains.
The OECD report highlights the country’s strong economic performance, driven by robust exports, dynamic private consumption, and prudent fiscal policy. However, the report also acknowledges the challenges posed by the COVID-19 pandemic and the Al Haouz earthquake.
To further strengthen its economic resilience, Morocco is urged to implement several key reforms, streamlining regulations and reducing bureaucracy to facilitate investment, encouraging investment in technology-driven and decarbonized sectors, implementing policies to create job opportunities for underrepresented groups, taking steps to bring informal economic activities into the formal sector, supporting innovation and entrepreneurship to drive economic growth, and addressing water scarcity through efficient water management and pricing policies.
By implementing these recommendations, Morocco can solidify its position as a regional economic powerhouse and attract even more foreign investment.