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OECD Signs Agreement with Morocco to Speed Up Economic Progress

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OECD Signs Agreement with Morocco to Speed Up Economic Progress

(3 Minutes Read)

The organization urged Morocco to improve labour productivity by reducing informal labour, upskilling the labour force, increasing the efficiency of public investment, strengthening competition, and ensuring a level playing field among all firms, while stepping up efforts to tackle corruption.

The OECD and the Moroccan government also signed a Memorandum of Understanding “to continue supporting Morocco in achieving its economic growth and development objectives,” OECD Secretary-General Mathias Cormann said.

Morocco has embarked on an ambitious journey to improve living standards for its people and to foster economic development to accelerate the convergence with high-income economies. Boosting productivity through higher investment and private sector dynamism, tackling labour market challenges to enable more high-quality job creation, and advancing the climate transition are all policy priorities that will help Morocco on its journey,” he was quoted by an OECD statement as saying.

The organization urged Morocco to improve labour productivity by reducing informal labour, upskilling the labour force, increasing the efficiency of public investment, strengthening competition, and ensuring a level playing field among all firms, while stepping up efforts to tackle corruption.

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It also recommended better integration of women in the labor force as well as “helping women to better balance work and care responsibilities by extending childcare and tackling gender stereotypes would support their labor market integration.”