Press Releases
print

IFC, National Committee for the Business Environment Partner to Unlock Potential of Private Sector in Morocco


In Rabat:
Catherine Gozard, IFC

Phone: +212 537 544 381

E-mail:
cgozard@ifc.org

Abderrazak Mourchid, CNEA

Phone: +212 661 120 864

E-mail:
mourchid@cg.gov.ma


Rabat, Morocco, December 20, 2018—IFC, a member of the World Bank Group, and the National Committee for the Business Environment (CNEA), today signed an agreement designed to improve the business climate in Morocco. The ceremony also marked the launch of a national survey that will help Morocco gauge the challenges facing local firms.

IFC will support CNEA in identifying the main barriers to the development of Morocco’s private sector. IFC will also advise the CNEA on reforms that would encourage the development of domestic firms. The National Business Environment Survey, conducted in partnership with the World Bank Enterprise Survey team, will be an important part of that. The survey will target a sample of local companies and identify the challenges facing businesses. The IFC-CNEA partnership is designed to improve the business environment, help unlock the potential of Moroccan businesses, foster growth, and attract continued international investments.

"The complexity of business-related reforms and their significant economic and social impact are factors that sometimes make it difficult to identify priorities,” said Lahcen Daoudi, Morocco’s Minister for General Affairs and Governance. “Therefore, as part of the CNEA's work, the government will develop a multi-year plan to improve the business climate and enact associated reforms, a process that will involve consultations with the private sector. Priority will be given to the most urgent projects, allowing for the optimal development of the business climate and the continuation of the country’s medium- and long-term plan for private sector development.”

Over the past 10 years, Morocco has enacted several reforms that have made doing business in the country easier. In the World Bank Group’s 2019 Doing Business report, the country ranked 60th in the world, a jump of 68 places since the CNEA’s creation.

“Morocco is sending a message that it is an attractive investment destination,” said Mouayed Makhlouf, IFC Director for the Middle East and North Africa. “Having taken great strides in improving its business environment, it is pushing forward with reforms that will unlock the potential of its private sector, and create jobs and economic opportunities for people across the country.”

The project was made possible thanks to the support of the Swiss Secretariat for Economic Affairs and will be delivered in close collaboration with the World Bank.

About CNEA
The National Committee for the Business Environment (CNEA) is charged with proposing reforms that would make doing business in the country easier. Since its creation in 2010, the CNEA has supported regulatory reforms, encouraged the adoption of digital technology, advocated for the simplification of administrative procedures, and fostered a dialogue between private businesses and government.

About IFC
IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit
www.ifc.org

Stay Connected

www.facebook.com/IFCmena
www.twitter.com/IFC_mena
www.youtube.com/IFCvideocasts
www.ifc.org/SocialMediaIndex
www.instagram.com\ifc_org