The World Bank Report “Doing Business 2017” ranked Morocco at the 68th place among 190 economies, which puts the Kingdom at the top of North African countries, 3rd at the African level and 4th in the MENA region.
A statement by the head of government’s office said that this new ranking, issued recently, confirms the positive evolution and continued development posted over the past five years in Morocco, a fact that improved the country’s international ranking and helped it move from the 97th spot in 2012 to the 68th spot currently.
The report bases its assessment on criteria such as: starting a business, dealing with construction permits, getting electricity, registering property, paying taxes, protecting minority investors, getting credit, trading across borders, enforcing contracts and resolving insolvency.
Brunei Darussalam, Kazakhstan, Kenya, Belarus, Indonesia, Serbia, Georgia, Pakistan, the United Arab Emirates, and Bahrain were the most improved economies in 2015/16 in areas tracked by Doing Business. Together, these 10 top improvers implemented 48 regulatory reforms making it easier to do business.
The Doing Business Report (DB) is a study elaborated by the World Bank Group since 2003 every year that is aimed to measure the costs to firms of business regulations in 185 countries. The study has become one of the flagship knowledge products of the World Bank Group in the field of private sector development, and is claimed to have motivated the design of several regulatory reforms in developing countries.
The study presents every year a detailed analysis of costs, requirements and procedures a specific type of private firm is subject in all countries, and then, creates rankings for every country. The study is also backed up by broad communication efforts, and by creating rankings, the study spotlights countries and leaders that are promoting reforms.