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Morocco - FISAP and PDEI Project Performance Evaluation Report

15-Jan-2014

Since the 1970s, Morocco has been involved in a long process of profound transformation of its economy with a view to achieving strong and sustainable growth based on greater private sector participation in collaboration with the government. It has also opted for a market economy and for opening up gradually to the outside world.

Based on these fundamental choices, Morocco undertook a series of economic and social reforms, which reached a higher level in 1983, when the country opted for an intensive stabilization and structural adjustment programme. This adjustment process was expected to ensure a sustainable transition from a protected, centrally planned and managed economy to a liberalized economy driven by a strong private sector that would play a dominant role in the production and distribution of goods and services. In this context, the Government would increasingly restrict its responsibilities to its classic sovereignty and economic arbitrage duties. Based on this choice, in 1995, Morocco and the European Union signed a Partnership Agreement whose entry into force in 2012 will help make concrete Morocco’s determination to open up to the vast European market, with a view to capitalizing on its agricultural exports.

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