Morocco’s low female labor participation, widespread informal employment, and rapidly aging population are putting growing pressure on the sustainability of pensions and social protection systems, according to a new HCP report. The study argues that extending social coverage alone will not be enough without deeper reforms aimed at expanding formal employment and increasing women’s participation in the economy.
Did the government majority offer a generous tax gift to retirees? While the announcement may seem enticing, it falls short of meeting the demands for indexing pensions to inflation.