Morocco continues to face several barriers that make its  financial market less accessible to international investors, according to the 2026 MSCI Global Market Accessibility Review, which kept the country in the “Frontier Market” category without any change from last year.

One of Morocco’s main challenges is the limited availability of information in English. MSCI said company disclosures, detailed stock market information, and some  financial regulations are not always published in English, which makes it harder for international investors to follow listed companies and understand the market.

The report also noted restrictions related to foreign exchange and capital movement. While Morocco generally allows money to move into and out of the country, investors may face limits when transferring funds abroad if they cannot prove that the original investment entered the country in foreign currency.

In addition, repatriation of funds must be carried out through convertible Moroccan dirham accounts, and investments financed through foreign transfers must be reported to the Exchange Control Office.

MSCI also noted that Morocco’s foreign exchange market remains partly restricted. Offshore trading of the Moroccan dirham is limited, while domestic foreign exchange transactions must be linked directly to securities transactions, reducing flexibility for investors managing currency risks.

The report gave Morocco one of its weakest assessments in the area of clearing and settlement. It pointed to the lack of legal recognition for nominee accounts, which are widely used in international markets, as well as restrictions on overdraft facilities available to foreign investors.