Highlights

World Bank congratulates Morocco for ambitious reforms to improve business climate : 21/10/2011

World Bank congratulates Morocco for ambitious reforms to improve business climate

The World Bank on Thursday, october 19th, 2011 congratulated Morocco for the "ambitious" reforms that it has undertaken in order to improve permanently business climate, making the Kingdom "the world`s top reformer" in this field.

The Kingdom of Morocco improved its business regulation the most compared to other global economies, climbing 21 places to 94, by simplifying the construction permitting process, easing the administrative burden of tax compliance, and providing greater protections to minority shareholders. Since 2005, Morocco has implemented 15 business regulatory reforms.

Besides Morocco, 11 other economies are recognized as having the most improved ease of doing business across several areas of regulation as measured by the report: Moldova, the former Yugoslav Republic of Macedonia, S?o Tomé and Pr?ncipe, Latvia, Cape Verde, Sierra Leone, Burundi, the Solomon Islands, the Republic of Korea, Armenia, and Colombia.

Doing Business 2012: Doing Business in a More Transparent World assesses regulations affecting domestic firms in 183 economies and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders.

This year`s report data cover regulations measured from June 2010 through May 2011. The report rankings on ease of doing business have expanded to include indicators on getting electricity. The report finds that getting an electrical connection is most efficient in Iceland; Germany; Taiwan, China; Hong Kong SAR, China; and Singapore.

- Report of Doing Business 2012: Doing Business in a More Transparent World