• Home
  • News
  • Economic development and IT agility: A successful codification of monetary and financial law in Morocco

Economic development and IT agility: A successful codification of monetary and financial law in Morocco

print
Published on 12/02/2019
Democratic, economic and financial governance
PUBLIC FINANCES
Morocco
Expertise France has assisted the Moroccan Ministry of the Economy and Finance, with financing from the African Development Bank, in the codification of Morocco’s monetary and financial law. COMOFI now makes it possible to gather and organise the entire field of this law in order to make it accessible, coherent and secure for all users and investors and thereby contribute to its dissemination and to the economic modernisation of the country.

No economic development without legal certainty

The reform movement conducted by the Kingdom of Morocco to develop economic investments and its international financial attractiveness has been backed to an essential legal informatisation project, the codification of the monetary and financial law.

The aim of this codification was to:

 • Gather all the legal texts related to the currency, financial instruments, banking services, markets of service providers and banking and financial institutions;

 • Design and have an IT tool to modernise the management and updating of Moroccan law;

 • Produce the monetary and financial code, in French and Arabic, with a view to its adoption.

French expertise called on

The technical and methodological assistance provided by Expertise France was managed back in 2013 by the Department of Treasury and External Finance in the Ministry of Economy and Finance of Morocco, with financing from the African Development Bank. It aimed to create an effective and modern legal tool, as a facilitator for economic development and the fight against financial failings.

MAROcode, an agile and customised IT solution

The French and Moroccan experts worked closely together with an innovative and constructive approach on the components and particularities of Moroccan law. The functionalities have consequently been defined of the software MAROcode, which is intended to manage this entire project, so that it adheres, in French and Arabic, to the architecture of Moroccan legislation and the methodology adopted.

The substantial work on handling texts (181 legislative texts and 196 regulatory texts) has consequently led to:

 • The collection and digitisation of the texts selected which constitute the legal base required for the project;

 • The manual integration of the changes made to texts over time (consolidation);  

 • The organisation and coherent classification of all the texts selected within a hierarchical plan;

 • The partial or total rewriting of certain articles to improve the homogeneity of the project;

 • The clarification of the law by the repeal of obsolete or redundant texts.

COMOFI, a promising legal laboratory

The COMOFI project – an innovative legal-IT laboratory and a process to modernise the rule of law – reflects the success of the coordinated skills of French and Moroccan experts and the feasibility of an ambitious project.

The experience has been completed and the Kingdom of Morocco has taken ownership of the MAROcode software, which now paves the way for other similar projects that allow it to address the legal requirements of its development.

Last publications