Morocco has further improved its business climate indicators, ranking second in Africa and the Arab world in the World Bank’s second edition of the Business Ready report, published Monday in Washington.
The Kingdom scored 63.44 points out of 100, up from 62.41 in the first edition. The score exceeds the global average of 60.11, as well as the averages for Africa at 50.87 and Arab countries at 58.31.
The report assessed 101 economies, compared with 50 previously, using around 1,200 indicators covering ten stages of the business life cycle. South Korea topped the global ranking with 78.24 points.
Morocco recorded progress in the regulatory framework pillar at 70.06 points and in the quality of public services at 64.55 points. Strong performances were noted in public utilities, international trade, business creation, business location and financial services.
Performance in operational efficiency declined to 55.7 points, reflecting the broader country sample and unchanged survey data.
Overall, the World Bank said Morocco continues to post results above global averages in several key areas while facing challenges in labor markets and insolvency resolution.
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