Morocco continues to make notable progress in economic liberalization, according to 2017 Index of Economic Freedom created by the Heritage Foundation and Wall Street Journal. The North African country, which ranked 8th in Africa and 86th globally, is benefiting from a commitment to economic reforms that encourage a dynamically evolving private sector, says the annual guide, measuring the degree of economic freedom in the world. The Index of Economic Freedom enables investors and decision-makers to track over two decades of the advancement in economic freedom, prosperity, and opportunity and promote these ideas in their homes, schools, and communities. Morocco is a strong reformer in the area of private sector development, adds the document describing the country as a key U.S. ally in the struggle against Islamist terrorism. However, Bahrain continues to be on a downward path in terms of economic freedom, and grading of economic freedom for Iraq, Libya, Syria, and Yemen remains suspended because of ongoing violence and unrest.

Source: The North Africa Journal April 28, 2017 16:07 UTC