Publication:
Morocco Economic Monitor, June 2021: Building Momentum for Reform

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dc.contributor.authorWorld Bank
dc.date.accessioned2021-06-17T14:11:10Z
dc.date.available2021-06-17T14:11:10Z
dc.date.issued2021-06
dc.description.abstractMorocco stands out as a country that has seized the COVID-19 (coronavirus) crisis as an opportunity to launch an ambitious program of transformative reforms. After its initial efforts to mitigate the immediate effects of the pandemic on households and firms, the authorities have launched various policies to correct longstanding inequities and overcome some of the structural bottlenecks that have constrained the performance of the Moroccan economy in the recent past. This reform program has the following pillars: (i) the creation of a Strategic Investment Fund (the Mohammed VI Fund) to support the private sector; (ii) the overhaul of the social protection framework to boost human capital; (iii) the restructuring of Morocco’s large network of State Owned Enterprises. In addition, the government has recently unveiled the terms of a new development model that places significant emphasis on human development and gender equity, and on the need to reinvigorate recent efforts to incentivize private entrepreneurship and boost competitiveness. If successfully implemented, these reforms could lead to a stronger and more equitablegrowth path. There are various channels through which the reform impetus described above could increase the growth potential of the Moroccan economy: (i) by increasing market contestability, levelling the playing field, and streamlining the role of the SOE sector in the economy, more firms would be enabled to enter markets, grow and create jobs; (ii) a more dynamic private sector could make a better use of the large stock of physical capital accumulated over past decades, thus increasing the growth dividend of existing infrastructure, which so far has disappointed; (iii) accelerating the pace of human capital formation could enable more Moroccan citizens to realize their productivity potential, which would contribute to raise living standards and accelerate the growth of aggregate output.en
dc.identifierhttp://documents.worldbank.org/curated/en/123031623861349683/Morocco-Economic-Monitor-Building-Momentum-for-Reform
dc.identifier.doi10.1596/35763
dc.identifier.urihttps://hdl.handle.net/10986/35763
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectCOVID-19 VACCINATION
dc.subjectECONOMIC RECOVERY
dc.subjectFISCAL TRENDS
dc.subjectEXTERNAL SECTOR
dc.subjectMONETARY POLICY
dc.subjectPUBLIC SECTOR REFORM
dc.subjectECONOMIC OUTLOOK
dc.subjectCHALLENGES
dc.subjectINEQUALITY
dc.subjectDISTRIBUTIONAL IMPACT
dc.subjectPANDEMIC IMPACT
dc.subjectLABOR MARKET
dc.titleMorocco Economic Monitor, June 2021en
dc.title.subtitleBuilding Momentum for Reformen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleMorocco Economic Monitor, June 2021
okr.date.disclosure2021-06-16
okr.date.doiregistration2025-05-07T11:24:30.260599Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/123031623861349683/Morocco-Economic-Monitor-Building-Momentum-for-Reform
okr.guid923001624977892010
okr.guid123031623861349683
okr.identifier.externaldocumentum090224b0886fbd75_1_0
okr.identifier.internaldocumentum33182964
okr.identifier.report160583
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/123031623861349683/pdf/Morocco-Economic-Monitor-Building-Momentum-for-Reform.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.countryMorocco
okr.topicHealth, Nutrition and Population::Disease Control & Prevention
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicPoverty Reduction::Employment and Shared Growth
okr.topicPoverty Reduction::Inequality
okr.topicSocial Protections and Labor::Labor Markets
okr.unitEFI-MNA-MTI-MacroFiscal-2 (EMNM2)
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