According to the recent edition of the Economic Freedom Index, Morocco’s economy is the freest in North Africa. The country managed to improve its performance by implementing multiple financing options.
Morocco is ranked 15th in Africa by the 2018 Ibrahim Index of African Governance and 2nd in North Africa. Despite its improving performance, the Kingdom is lagging in the Human Rights and Participation subindex.
For bankers, Morocco is in the need of implementing new reforms related to education and bureaucracy, before considering new currency liberalization.
Morocco is likely to adopt a more protectionist approach when drafting its 2019 budget because of the increasing oil prices. The decision was voiced by the government Thursday.