MOROCCO | Overview
Official name: Kingdom of Morocco
Official languages: Arabic
Monetary unit: Moroccan Dirham (MAD)
Population (million): 33
Total area (sq km): 446,550
Located on the borders of the North Atlantic Ocean and the Mediterranean Sea ; Morocco is a lower middle-income country that has been witnessing robust growth since 2000. Its GDP per capita has been doubled over the last 10 years.
Morocco’s economic outlook relies heavily on the pursuit of sound macroeconomic policies and an acceleration of structural reforms. The government is aiming to solidify the tax base, rein in expenditures and launch the reforms of the pension system for better public service delivery and efficiency over the medium term. In order to improve further the investment climate, the Government announced its intention to proceed with justice reform, improve access to financing, especially for the SMEs, and address access to land constraints. In addition, other major challenges that the Moroccan government is trying to tackle are poverty reduction and regional development.
Year joined ICD:
Number of projects approved: 0
Gross Approval ($US million): 0
Gross Disbursement ($US million): 0