Arab Today, arab today wb morocco do not count only on internal demand
Last Updated : GMT 15:42:01
Arab Today, arab today
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WB: Morocco, do not count only on internal demand

Arab Today, arab today

Arab Today, arab today WB: Morocco, do not count only on internal demand

Rabat - ANSA

In order to increase its competitiveness, Morocco must not count on internal demand as the only driving force for growth. Among the challenges that the Kingdom must tackle, there are the improvement of export support mechanisms and the reform of the administration. This is what the Director of the World Bank MENA (Middle East and North Africa) Department Simon Gray stated during the Regional Forum \'\'Doing Business and beyond: Improving Competitiveness in the Arab World\'\', which took place in Casablanca. According to Augusto Lopez-Carlos, the Director of the World Bank\'s Global Indicators & Analysis Department, another issue to be solved is the judiciary, which is currently not able to resolve disputes between companies in a short time. Although Lopez-Carlos gives a positive judgement on reforms recently carried out in Morocco, such as the laws on competition, on delay of payment and on public procurement, he maintained that \'\'much remains to be done in order to meet the need of growth and absorb youth unemployment\'\'. Indeed, a social problem exist with regard to distribution of the outcomes of economic growth.(ANSAmed).

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