Kiosk360. In its latest study, the Arab Monetary Fund ranks Morocco among the best off Arab countries in terms of business climate, governance, economic freedom… This article is a press review of the newspaper Today Le Maroc.
Today Moroccoc tells us in its publication of this Tuesday, March 29 that Morocco is rather well ranked among Arab countries in terms of business climate, governance, economic freedom, etc.
Quoting the Arab Monetary Fund, the daily said that Arab countries are still struggling to attract foreign direct investment. It must be said that the Fund’s latest study entitled “The role of economic freedom, governance and the business environment in attracting foreign direct investment in Arab countries” provides a lot of information on the subject. We thus learn that the study reveals that the indices of economic freedom such as the indices of monetary and financial freedom are significantly and positively linked to the attractiveness of foreign direct investment in the Arab world, and that the quality of regulation outweighs all other governance factors in attracting foreign direct investment flows to the Arab region.
“To encourage foreign direct investment inflows into these countries, policy makers must ensure a high level of economic freedom, the effectiveness of their governance systems, the quality of their institutions and the stability of their business environment, while strengthening and reforming relevant laws and regulations, lowering barriers to entry for businesses, limiting risks and improving cooperation policies.
The daily points out that despite the difficulties observed, improvements in terms of economic freedom have been noted in certain countries of the region, such as Morocco, which is in the group of countries which are making considerable efforts to improve its attractiveness in this level.
“To illustrate the overall degree of economic freedom in the region, the Arab Monetary Fund referred to the Heritage Foundation 2021 report. It appears that the average degree of economic freedom in the Arab world is between 50 and 80%. The United Arab Emirates achieve an average of 76.9%, thus placing themselves in 14th place worldwide, followed by Qatar 72%, Bahrain 69.9%, Saudi Arabia 66%, Jordan and Oman 64.6%, Kuwait 64.1% and Morocco 63.3%”, details the Fund.
Today Morocco specifies that with regard to the index of freedom of enterprise, Morocco stands among the countries which improve their business climate to attract more companies. Similarly, the Kingdom is among the Arab countries that have made a major effort to reform their trade laws and regulations in order to achieve a high level of freedom and attract foreign direct investment.
“It also appears that Morocco is one of the countries that have developed their degree of investment freedom like Bahrain, Jordan, Egypt and Oman at a time when obstacles persist in other countries in the region such as bureaucracy or capital controls. It should be noted that the results of this study have substantial political implications for decision-makers in Arab countries”, specifies the journal.
Among other things, the Fund advocates for the simplification of investment regulatory systems in the region by adopting a set of simple and fair rules.
–
