Morocco, WB team up to improve business competition

Morocco’s competition council and the World Bank’s International Finance Corporation agreed to cooperate to promote the competitiveness of the private sector.

The partnership was sealed following an event themed “revitalizing the competition framework in an open Morocco,” held recently in Rabat.

Under this agreement, the Moroccan council shall benefit from the technical expertise of IFC with a view to “creating conditions propitious for the rise of a dynamic private sector.”

The council, relaunched few months ago after being idle for long, aims at preserving the purchasing power of consumers and protecting their rights in the market as well as to contribute to Morocco’s economic security.

King Mohammed VI appointed, last November, economist Driss Guerraoui President of the Competition Council, in replacement of Abdelali Benamour.

The council’s first task was to issue an opinion on the capping of fuel prices after a consumer boycott last year that stressed the need for a competition regulator in the country.