The World Bank report highlights that Morocco’s firm density has risen due to high business creation but is hampered by low exit rates and inefficiencies in closing inactive firms. It recommends improving support for SMEs, addressing market distortions, and leveraging the services sector to drive productivity and job creation.
The World Bank's 2024 «Business Ready» report ranks Morocco among 50 economies, highlighting its strong performance in regulatory framework and public services but noting room for improvement in operational efficiency. Morocco scored highest in business location and entry but ranked lower in areas like market competition, taxation, and dispute resolution.
A World Bank study warns that climate change could significantly reduce tourist arrivals in Morocco, leading to job losses in the blue tourism sector and impacting related industries.
Moroccans living abroad sent $11.8 billion back home in 2023. The World Bank said the pace of remittances remained strong, especially following the tragic September 2023 earthquake.
With the help of the World Bank, Morocco has made significant strides in strengthening its disaster and climate resilience since 2008, the international financial institution stated in a recent report.
Morocco has become the second-largest African investor on the continent following a surge in direct investments over past two decades, IFC notes.
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