Morocco enjoys macroeconomic stability with low inflation, a large reserve of foreign exchange and diminishing foreign debt. Although the country performed better than others in the region, Morocco experienced economic instability and political unrest through 2012, according to Freedom House 2013
. Morocco is highly accommodating to foreign and domestic investment, and the government is making continuous efforts to improve the investment climate, for example, by streamlining paperwork in connection with investment. Nonetheless, the country still faces a number of socio-political challenges. One of these is the occurrence of corruption, petty
and grand, in virtually all sectors, including the country's political life. Prime Minister Abdelilah Benkirane was cited on 5 December 2013 as explaining that Morocco must admit that it has not achieved desired corruption results, according to an 11 December 2013 article by Magharebia
. Companies doing business in Morocco should be aware of the following corruption developments:
- The legal framework concerning corruption, transparency and integrity seems to be in place, and the regulatory system itself is becoming increasingly transparent.
- In December 2012, the government launched an anti-corruption awareness campaign aiming to raise anti-corruption awareness among the public as well as to enhance the government's role in the fight against corruption.
- In 2011, Parliament passed a landmark law to protect whistleblowers as well as trial witnesses and experts. The same year also saw the passage of the Freedom of Information Act.
- In October 2010, Morocco's government unveiled a two-year anti-corruption plan, which includes over 40 new anti-graft measures, such as asset declarations for top state officials, government protection of whistleblowers, and channels for the public to report graft and extortion by government officials.
However, the country still faces challenges in curbing corruption. Challenges include:
This profile's General Information chapter provides an overview of anti-corruption activities and corruption risks in relation Morocco's political, business and regulatory environments and detailed descriptions of the level of corruption in a number of sectors are outlined in the profile's Corruption Levels. For a more detailed analysis of government, media and civil society anti-corruption activities, visit the Public Anti-Corruption Initiatives and Private Anti-Corruption Initiatives chapter.
Morocco Corruption News