Morocco took 7th place to reach the 53rd position in the world

Morocco jumped 7 spots in the World Bank’s Doing Business 2020 ranking, released on Thursday in Washington, to climb to 53rd place worldwide.

“This achievement marks significant progress in achieving Morocco’s goal of reaching the top 50 largest economies in the world by 2021,” the Head of Government Department said in a statement.

Morocco maintains its lead in North Africa and ranks third among countries in the North Africa and Middle East (MENA) region, behind the United Arab Emirates (16th) and Bahrain (43rd), and ahead of Saudi Arabia. (62nd), Oman (68th), Jordan (75th), Qatar (77th), Tunisia (78th), Kuwait (83rd) and Egypt (114th).

At the African level, the report points out that Morocco has maintained its third position behind Mauritius, which is 13th in the world, Rwanda (38th), and ahead of Kenya (56th), South Africa (13th). 84), Senegal (123rd) and Nigeria. (131st).

“Morocco’s positive mark in this new world ranking is due to the adoption of a series of important measures and reforms related to the business and activities of Moroccan companies, and which are part of the work program of the National Committee for the Business Environment (CNEA). ) “, underline the press release.

The secretariat of this Committee also played an important role in presenting to World Bank experts the reforms introduced to improve the business climate in our country, mainly related to the development of legal and regulatory frameworks for businesses, as well as the simplification and digitalization of a range of administrative procedures associated with the business life cycle, in addition to the creation of electronic platforms for services and one-stop shops.

The reforms of Law No. 17.95 in public limited companies and Law No. 5.96 in general partnerships, limited partnerships, partnerships limited by shares, limited liability companies and joint ventures, are among the important reforms that took effect during the year.

These reforms, explained the same source, have made it possible to strengthen the protection of minority investors and establish the principle of transparency and good governance based on international standards in this area.

As a result, Morocco’s ranking in the Minority Investor Protection Index has fallen from 64th to 37th place, it was noted.

In addition, Morocco ranked 16th in the world in the building permit index by launching a new version of the electronic platform for digital management of building permits.

Morocco’s ranking in the electricity grid connection index (34th in the world compared to 59 last year) has also improved thanks to the facilitation of electricity connectivity by companies in Casablanca through the launch of an electronic platform, called “e-Connection”, for filing and monitoring medium voltage connection requests and generating the use of prefabricated transformer substations.

The World Bank report also cites a series of other reforms that have contributed to improving the business climate in Morocco and its international ranking, in this case:

-The establishment of an automated system for assigning cases to judges and the publication of performance reports of the courts, which facilitated the execution of contracts and allowed Morocco to reach 60th rank in the world;

-The establishment of an electronic payment system for port fees, the elimination of paper-based transit procedures and the extension of working hours at the port, which accelerated cross-border trade operations and pushed Morocco to 58th position in the world;

-Reducing the corporate tax rate through the use of the progressive corporate tax system, which allowed Morocco to reach 24th place in the world in the tax performance index.

With this result, Morocco has embarked on the journey towards achieving the goal set by the government program to include the country in the 50 best economies in the world in terms of improving the business climate by 2021.

In this view, other reforms have been developed, such as the creation of a national register of movable securities within the framework of law enforcement related to movable securities, which will allow SMEs to have access on the necessary financing and to improve Morocco’s ranking in access to the financing index.

The Doing Business report aims to measure the performance of 190 countries in facilitating business by analyzing the laws and administrative procedures adopted in ten different parts of the business life cycle, such as startups. of a business, cross-border trade, payment of taxes and charges, building. permits, electrical connections, property transfers, access to financing, execution of contracts, protection of minority investors, as well as file management companies having difficulty.

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