Morocco's Performance on the Resource Governance Index
Morocco received a "partial" score of 53, ranking 25th out of 58 countries. Morocco received mediocre scores on all components, demonstrating an overall lack of effective resource governance.
(out of 58)
(out of 100)
|45||Institutional & Legal Setting||48|
|28||Safeguards & Quality Controls||56|
Institutional & Legal Setting (Rank: 45th/58, Score: 48/100) learn more
Morocco's "weak" score of 48 is due to an incomplete regulatory framework and insufficient disclosure policies.
Morocco grants licenses to foreign extractive companies in other sectors, but the Office Cherifien des Phosphates Group (OCP), a state-owned company, has a monopoly of the phosphates industry and holds all mining rights.
The government publishes mining legislation online. The 2011 Constitution affirms the right to access information but there is no freedom of information act. Environmental impact assessments are required before a project can begin, but are not usually published.
The Energy and Mines Ministry regulates the phosphate industry. The Finance Ministry collects taxes and dividends from OCP. However, OCP's financial balance is not consolidated with the public sector balance, and revenues allocated for social projects are not deposited in the treasury.
Reporting Practices (Rank: 19th/58, Score: 60/100) learn more
Morocco provides comprehensive data on some revenue indicators, but no information on others, leading to a "partial" score of 60.
The Finance Ministry publishes annual reports with information on production volumes, prices, the value of resource exports, estimates of investment in exploration and development, production costs, production data by block, and production stream values, but data on dividends are not disaggregated by sector. The Energy and Mines Ministry publishes similar information, but does not include prices or dividends. The central bank publishes some aggregated figures on the phosphates sector.
Safeguards & Quality Controls (Rank: 28th/58, Score: 56/100) learn more
Morocco received a "partial" score of 56, the product of poor government oversight despite attempts to improve accountability.
The National Audit Office is legally required to examine OCP's accounts, but has never done so. The office does publish audits of ministries' financial statements and reports annually to parliament, although there is no specific legislative committee that scrutinizes resource revenues. The new Constitution and the 2012 Code for Good Governance Practices of State Enterprises require that an independent external auditor reviews state-owned companies.
Enabling Environment (Rank: 23rd/58, Score: 42/100) learn more
Morocco received a "weak" score of 42, reflecting poor performance on measurements of budgetary openness, democracy, and accountability.
State-Owned Companies (Rank: 12th/45, Score: 75/100) learn more
OCP is entirely government-owned. It publishes comprehensive reports on its operations and subsidiaries, including data on phosphate production volumes, prices, the value of exports, estimates of investment in exploration and development, production costs and quasi-fiscal activities. Information on taxes is not disaggregated and it is not possible to reconcile the OCP's figures with those published by the Finance Ministry.
INSTITUTIONAL & LEGAL SETTING
SAFEGUARDS & QUALITY CONTROLS
To explore all data and compare country scores, use the RGI Data Tool.
Key Economic Indicators
|GDP (constant 2011 international $ billion)||47.3||67.4||100.2|
|GDP per capita, PPP (constant 2005 international $)||2,915||3,508||4,373|
|Extractive exports (% total exports)||12||11||13|
|Source: World Bank. Extractive exports 2011 data from 2010.|