IMF managing director, Christine Lagarde, with the chairman of the Moroccan Economic, Social and Environmental Council, Nizar Baraka (photo: dpa)

Morocco still lacks economic freedom despite reforms

King Mohammed VI of Morocco introduced constitutional reform three years ago. His country still lacks economic freedom, and any major long-term impact on business and society will be hard to achieve because of the subtle balance of power between monarchy and Islamism in a new democratic context. However, slow processes are probably better than radical ones at securing the stability necessary for a smooth, peaceful evolution.

THE ARAB Spring in Morocco has turned into some sort of ‘velvet evolution’, with a peaceful transition towards democracy.

The constitutional refor...

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Dr. Emmanuel Martin
In the World Bank Group’s Doing Business report of 2012, Morocco was the world’s best reformer, moving from ranking 115 to 94. It moved up a further eight places in 2013.
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