The World Bank’’s forecast comes in the wake of the Inflation Reduction Act. PHOTO: SAMUEL CORUM/BLOOMBERG NEWS
The World Bank highlighted the strong points of the business environment in Morocco.
In its new publication “Business Ready”, the international financial institution ranks the Kingdom among eight global economies present in a group of superior pats for all sectors examined.
The report, which assesses the business climate in 50 economies, provides a vast data set — 1,200 indicators for each economy — to identify areas for improvement and encourage reforms.
Three main sectors assessed determine the business climate for private investors, namely the regulatory framework, public service, and operational efficiency, indicates the same source.
In the second category, public service, Morocco records a score of 58.66, and 59.66 in the operational efficiency category, thus remaining among the best economies in encouraging a business climate conducive to private investment.
The report, which succeeds Doing Business interrupted in 2021, collects and analyzes data relating to these 50 economies, divided into five groups, from the best performing to the lowest, based on their scores within each category.
The report’s authors point out that this classification system allows policymakers to easily identify areas of strength and gaps for improvement.
“As demographics, debt and conflict weigh on economic growth, progress can only be made by harnessing the full ingenuity of private enterprise,” says Indermit Gill, chief economist and senior vice-president of the World Bank Development Economics Group.
According to the World Bank, the private sector generates approximately 90% of global jobs, 75% of investments, more than 70% of production and more than 80% of government revenues in developing economies.
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– 2024-10-04 18:31:58
