Morocco Leads in Governance and Economic Transformation Among North African Countries
Morocco excels regionally and advances significantly globally in transparency concerning public policies
Morocco leads the Maghreb and North Africa countries in economic transformation and governance, according to a report published by the Bertelsmann Foundation’s Transformation Index for the year 2024, clearly indicating the importance of Moroccan efforts in recent years to achieve unprecedented economic development under royal patronage, in addition to supporting transparency and good governance, which are prerequisites for the progress of any country.
The report, of which some data were published by the “Al-Sahifa” newspaper, evaluates 137 countries worldwide over the period from February 1, 2021, to January 31, 2023, covering numerous political and economic aspects, particularly focusing on assessing political and economic transformations and governance in the countries concerned, with an emphasis on the degree of democracy in political transition, market economy, and its transformations.
The evaluation also includes governance and the extent of transparency in public policies, with each country being assigned a score from one to ten based on its commitment to these standards.
According to the data, Morocco ranks 60th in economic transformation, thus leading North Africa with a score of 5.57, followed by Tunisia at 63rd globally and second in North Africa, then Algeria at 66th globally and third in North Africa, with Egypt at 95th globally and fourth in North Africa, followed by Mauritania at 102nd globally and fifth in North Africa, and Libya at 128th globally and sixth in North Africa.
Regarding governance, Morocco ranks first in North Africa and 71st globally, followed by Tunisia at 78th globally and second in North Africa, then Algeria at 80th globally and third in North Africa, followed by Mauritania at 90th globally and fourth in the region, and Egypt at 105th globally and fifth in the region, then Libya at 125th globally and sixth in North Africa.
These results reflect Morocco’s success in its efforts to support governance, transparency, and economic transformation, making the country a sought-after destination for foreign investments and external capital flows that have been invested in many vital sectors, with increasing confidence in Moroccan institutions and their laws that significantly protect the business environment.
In recent years, under the auspices of His Majesty King Mohammed VI, Morocco has endeavored to create a strong national economy, supported by public policies aimed at diversifying the economy and stimulating competition, which will ultimately have a positive impact on economic activity as a whole.
Morocco is banking on expanding its partnerships with international players by engaging in strong regional and international economic blocs, enabling it to overcome the repercussions of geopolitical turbulence or urgent crises, whether due to natural or health crises such as the Al-Hoceima earthquake and the COVID-19 crisis, which have heavily weighed on the global economy overall.
To this end, Morocco has put in place a series of laws and regulations aimed at protecting investors and preserving the rights of national and foreign capitals, which will ultimately benefit the Moroccan people.
