Morocco Achieves "Best Global Reformer" Status
21 October 2011
Read by 1681 persons
Out of 183 countries surveyed, Morocco has climbed 21 places in the "Doing Business 2012" ranking, reaching 94th place worldwide. This remarkable progress gives the Kingdom the status of the best global reformer (Global Most Improved Economy) in the business climate. Established by the World Bank, this ranking recognizes the work done since 2009 by the teams of the National Committee for the Business Environment (CNEA).
The actions carried out by this department have enabled Morocco to distinguish itself from other countries in the MENA region (Middle East and North Africa) thanks to the significant improvement in public service provided to citizens and economic operators.
This approach proved even more effective as it was supported by the dematerialization of administrative procedures. According to the report, a major judicial reform was introduced in 2011, which strengthens the protection of national and international investors. "Morocco is the economy that has improved its business regulations most compared to other economies," the document titled "Doing Business 2012: Doing Business in a More Transparent World" states. Through the simplification of the building permit process, the reduction of the administrative burden of tax payments for companies, and the strengthening of minority shareholder protection, Morocco has implemented no less than 15 reforms to its business regulations. Other measures focused on facilitating business creation.
Morocco also improved its ranking compared to last year in terms of infrastructure quality. It should be remembered that, with a view to promoting investment, particular attention has been paid to improving the investment climate. In this context, the modernization of the legal environment for business was achieved through the application of a set of texts relating to the consolidation of competition and transparency.
These essentially include the law on competition and price freedom, the law on economic interest groups, and the law on industrial and intellectual property aimed at encouraging creativity. The national strategy to support business creation is based on the easing of business creation conditions, strengthening support for businesses, improving business financing conditions, and developing business incubators and entrepreneurial spirit.
With a view to consolidating its integration process into the global economy, private sector involvement has always been a priority. Experience in recent years has shown that this gamble has not been in vain. The growing involvement of the private initiative in the national investment effort, observed in recent years, stems from the combination of the creation of a global environment favorable to the normal conduct of economic activity and the development of appropriate institutional mechanisms.
Like most other economies, the national economy is evaluated annually by various organizations such as the World Economic Forum (reports on global competitiveness, new technologies and tourism), the World Bank (Doing Business) and the American Institute "The Heritage Foundation", in collaboration with "The Wall Street Journal" (Report on the Index of Economic Freedom). These reports provide an opportunity to assess the national economy according to a number of criteria and to position it in relation to competing or partner countries. They also make it possible to assess Morocco's pace, compared to the global and regional norm, in terms of conducting and implementing reforms in various fields. As several reports show, significant progress has been made in Morocco in various fields. Indeed, according to the latest report on economic competitiveness, the Kingdom has made significant progress in certain macroeconomic indicators.
Abdelali Boukhalef
Lematin.ma
Published October 20, 2011.
Posted online October 21, 2011.
The actions carried out by this department have enabled Morocco to distinguish itself from other countries in the MENA region (Middle East and North Africa) thanks to the significant improvement in public service provided to citizens and economic operators.
This approach proved even more effective as it was supported by the dematerialization of administrative procedures. According to the report, a major judicial reform was introduced in 2011, which strengthens the protection of national and international investors. "Morocco is the economy that has improved its business regulations most compared to other economies," the document titled "Doing Business 2012: Doing Business in a More Transparent World" states. Through the simplification of the building permit process, the reduction of the administrative burden of tax payments for companies, and the strengthening of minority shareholder protection, Morocco has implemented no less than 15 reforms to its business regulations. Other measures focused on facilitating business creation.
Morocco also improved its ranking compared to last year in terms of infrastructure quality. It should be remembered that, with a view to promoting investment, particular attention has been paid to improving the investment climate. In this context, the modernization of the legal environment for business was achieved through the application of a set of texts relating to the consolidation of competition and transparency.
These essentially include the law on competition and price freedom, the law on economic interest groups, and the law on industrial and intellectual property aimed at encouraging creativity. The national strategy to support business creation is based on the easing of business creation conditions, strengthening support for businesses, improving business financing conditions, and developing business incubators and entrepreneurial spirit.
With a view to consolidating its integration process into the global economy, private sector involvement has always been a priority. Experience in recent years has shown that this gamble has not been in vain. The growing involvement of the private initiative in the national investment effort, observed in recent years, stems from the combination of the creation of a global environment favorable to the normal conduct of economic activity and the development of appropriate institutional mechanisms.
Like most other economies, the national economy is evaluated annually by various organizations such as the World Economic Forum (reports on global competitiveness, new technologies and tourism), the World Bank (Doing Business) and the American Institute "The Heritage Foundation", in collaboration with "The Wall Street Journal" (Report on the Index of Economic Freedom). These reports provide an opportunity to assess the national economy according to a number of criteria and to position it in relation to competing or partner countries. They also make it possible to assess Morocco's pace, compared to the global and regional norm, in terms of conducting and implementing reforms in various fields. As several reports show, significant progress has been made in Morocco in various fields. Indeed, according to the latest report on economic competitiveness, the Kingdom has made significant progress in certain macroeconomic indicators.
Abdelali Boukhalef
Lematin.ma
Published October 20, 2011.
Posted online October 21, 2011.
