OECD highlights Morocco’s reforms to enhance investments, social protection
The Organization for Economic Co-operation and Development (OECD) highlighted the resilience of the Moroccan economy in the face of external and climate shocks and underscored the relevance of Morocco’s reforms to attract more private investments and enhance social protection.
This came in the OECD’s first survey on Morocco, presented in Rabat, including recommendations on improving labor productivity, growth, gender parity, and transparency.
OECD expects Morocco’s economy to grow to 4% in 2025 from 3.5% this year, and sees inflation lowering to 2% in 2025 from 2.3% in 2024.
It also highlighted the relevance of the Investment Charter adopted by Morocco to attract private investors as well as improvement to improve the business climate.
The OECD and the Moroccan government also signed a Memorandum of Understanding “to continue supporting Morocco in achieving its economic growth and development objectives,” OECD Secretary-General Mathias Cormann said.
Morocco has embarked on an ambitious journey to improve living standards for its people and to foster economic development to accelerate the convergence with high-income economies. Boosting productivity through higher investment and private sector dynamism, tackling labor market challenges to enable more high-quality job creation and advancing the climate transition are all policy priorities that will help Morocco on its journey,” he was quoted by an OECD statement as saying.
The organization urged Morocco to improve labor productivity by reducing informal labor, upskilling the labor force, increasing the efficiency of public investment, strengthening competition and ensuring a level playing field among all firms, while stepping up efforts to tackle corruption.
It also recommended better integration of women in the labor force as well as “helping women to better balance work and care responsibilities by extending childcare and tackle gender stereotypes would support their labor market integration.”
