Private Debt and Economic Inequality in Morocco: An Analysis of Credit Access Mechanisms

Abstract

This study examines the complex relationship between private debt and economic inequalities, focusing on the theoretical mechanisms of access to credit and their practical implications. Through an exploration of public policies implemented in Morocco, particularly microcredit and financial inclusion initiatives, the paper shows that although these policies have improved access to credit for vulnerable populations, their impact remains limited and uneven. The study highlights challenges such as information asymmetry, adverse selection, and over-indebtedness, emphasizing the need for stronger regulation and better financial education to ensure the effectiveness of these policies. Finally, the paper suggests integrating fiscal reforms and redistribution policies for a more comprehensive and equitable approach to economic inclusion.