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In the wake of the Arab Spring, Moroccan citizens approved a new constitution by a landslide vote in July 2011. This promised a range of new rights, including universal health care and access to quality health services. The authorities have since taken a number of steps to increase coverage, reduce costs, improve service quality, and extend...

Despite its dependence on agriculture for strong GDP figures, efforts to strengthen other export sectors, coupled with the diversification of its trading partners, have allowed Morocco to develop competitive industries and increase their presence in international markets. Traditional segments such as phosphate production remain strategic, but...

Recent decades have seen a downward trend in corporate taxation. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s, with the advanced economy average dipping to 22% in 2015. Investment incentives have further reduced effective rates for transnational corporations. After the 2007-08 global financial crisis,...

Given its traditional dependence on energy imports, and agricultural volatility’s significant impact on economic performance, Morocco has witnessed long periods of fiscal imbalances. This is set to change, however, as structural improvements to the economy, coupled with a reduction in international oil prices, have helped the authorities...