Morocco’s economic outlook remains “robust,” characterized by controlled inflation, a solid external position, a steady path toward fiscal consolidation, and a stable debt-to-GDP ratio, Ahmadou Moustapha Ndiaye, World Bank (WB) director for the Maghreb and Malta, said on Wednesday in Rabat.
Continuing structural reforms to address recent shocks and employment challenges, particularly those faced by young Moroccans, remains essential for sustaining economic growth, Ndiaye emphasized during a roundtable discussion on the findings of the WB’s new Morocco Economic Monitor report, titled “prioritizing reforms to improve the business climate”.
Highlighting that the WB has focused on the “Business Ready” program, Ndiyae pointed out that Morocco was among the first countries to participate in this new approach.
The WB’s Morocco Economic Monitor report includes a special chapter dedicated to the business climate in the Kingdom, drawing on data from the “Business Ready” report published in 2024 and highlighting reform opportunities.
The report identified Key areas for improvement, namely reducing high costs and barriers to formal employment, streamlining procedures, optimizing digital processes, finalizing the legal framework, and digitizing services related to insolvency cases.
The report indicates that with strategic reforms and a strong commitment to modernization, Morocco has significant potential to enhance its business environment, boost economic growth, and foster a more inclusive labor market.
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