Public Management

Corruption Costs Morocco $5bn Annually, Hurts Economic Growth

Corruption Costs Morocco $5bn Annually, Hurts Economic Growth
Wednesday, 09 October 2024 14:07

Corruption costs Morocco about $5.09 billion (50 billion dirhams) each year, making up between 3.5% and 6% of the country's GDP, according to Mohamed Bachir Rachdi, head of the National Authority for Integrity, Prevention, and Fight Against Corruption (INPPLC). He shared this alarming figure during a conference held on October 8, 2024.

According to local media, Rachdi revealed that 23% of Moroccan businesses fell victim to corruption last year. The issue mainly impacts processes like licensing, permits, public procurement, and hiring in key sectors vital to economic growth.

Moroccan authorities have implemented judicial measures to tackle this issue, including setting up a direct hotline to report corruption cases. This initiative has already led to the arrest of 243 people caught in the act and the filing of 716 financial crime cases in court. However, Rachdi emphasized that these efforts are not enough to curb the widespread problem.

Despite significant reforms, Morocco has struggled to improve its Corruption Perceptions Index (CPI) ranking. In 2023, the country scored 38 out of 100, dropping from 73rd place in 2018 to 97th out of 180 countries.

Rachdi called for better coordination between national institutions, increased budget transparency, and the inclusion of specific anti-corruption measures in the budgets of various departments. He believes these reforms are crucial to Morocco's development and to restoring public and investor confidence in the country's institutions.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Standard Bank arranged a $250m facility to fund Aradel Energy’s expansion and acquisition plans. The deal allows Aradel to raise its stake in ND...
Cameroon ratifies AfDB loans worth 89 billion CFA francs Funding backs CAP2E youth employment project in the Far North Project targets training, jobs,...
Cameroon ratifies AfDB loans worth 89 billion CFA francs Funding backs CAP2E youth employment project in the Far North Project targets training, jobs,...
Burkina Faso adopts 2026-2030 Recovery Plan guiding economic and social policy Five-year plan mandated by law, replacing previous national development...
Most Read
01

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
02

Circular migration is based on structured, value-added mobility between countries of origin and host...

Circular migration as a lever to turn Africa’s student exodus into value
03

BRVM listed the bonds of the FCTC Sonabhy 8.1% 2025–2031, marking Burkina Faso’s first securitiz...

BRVM Lists Burkina Faso’s First Securitization Fund Bonds
04

CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...

Ethiopia’s CBE launches digital platform to channel diaspora remittances
05

President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...

Nigeria approves targeted incentives to speed up Shell’s Bonga South West project
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.