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23/03/2017 07:16

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You are here:HOME»ECONOMY»Algeria wins seven places in World Bank’s business climate ranking
Wednesday, 26 October 2016 13:52

Algeria wins seven places in World Bank’s business climate ranking

ALGIERS – Algeria has, for the first time, progressed in the World Bank’s Doing Business 2017 ranking (DB 2017), said Wednesday Minister of Industry and Mining Abdesslam Bouchouareb, in reaction to the ranking published Tuesday in Washington.

"For the first time since the launch of Doing Business report by the World Bank in 2003, Algeria made a significant progress by winning 7 places in 2017 ranking. Thus, Algeria becomes the top Maghreb reform countries in 2016," praised Bouchouareb in a communiqué of his ministry.

As such, Algeria "breaks a period of decrease, even if DB 2017 evaluation has not included all the reforms," some of which have been launched after the evaluation closing like the new Investment Bill.

"We are determined to pursue the reforms to achieve the new investment policy and relaunch the industrial development of which the promotion of the business climate is an essential element," he added.

Bouchouareb said that the improvement of business climate is a «longstanding objective" and an "ongoing collective action" we work for efficiently through the National Doing Business Committee which brings together the government and the social partners (Employers and Union).

On the ground, "we feel things are evolving in the right direction," he stressed.

Moreover, "we will deeply examine the report to identify and refine measures that could integrate our actions," underscored the minister.

The World Bank’s 2017 Doing Business indicated that Algeria has risen to 156th place with a score of 47.76 points out of 100, after holding the 163rd place in the 2016.

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