The World Bank has ranked Morocco among the top eight global economies in its latest “Business Ready” (B-Ready) Report for its favorable business environment, highlighting the country as a leader in business readiness.
The ” B-Ready” report assesses the business climate in 50 economies, providing a comprehensive analysis based on 1,200 indicators across various sectors.
Morocco excelled particularly in the regulatory framework category, achieving a score of 68.92, which is notably higher than the average score of 66.65 for its peers.
Morocco also scored 58.66 in public service and 59.66 in operational efficiency, reinforcing its position as a competitive player in encouraging private-sector investment.
The report noted that “regulatory framework, public services, and operational efficiency areas are crucial for attracting investors and enhancing economic growth.”
The World Bank report serves as a vital resource for policymakers, enabling them to identify both strengths and areas needing improvement.
The “B-Ready” report replaces the “Doing Business” initiative, offering a detailed dataset and analysis of the factors that bolster the private sector. It focuses on advancing not just the interests of individual firms, but also those of workers, consumers, aspiring entrepreneurs, and the natural environment.
The private sector is pivotal in Morocco’s economy, generating approximately 90% of jobs, 75% of investments, and over 70% of production, according to Morocco’s News Agency (MAP).