Executive Summary

Since the 1990s Morocco has been pursuing reforms that call for liberalising the economy through the progressive withdrawal of the state from economic activities, a broad programme of privatisation, and more openness to the outside world. The private sector and international investment are playing an essential role in this process, not only contributing financial resources but also helping to enhance the country’s competitiveness and facilitate its integration into the world economy. The Moroccan authorities have made great efforts to put in place an institutional, legal, economic and financial arsenal that is up to the task of creating a favourable investment climate. Morocco’s intention to adhere to the OECD Declaration on International Investment and Multinational Enterprises represents one of the objectives of the reform, confirming the country’s commitments to promote an open and transparent investment regime and responsible business conduct.