Project Summary

Project General Description

The Agricultural Sector Adjustment Program Phase II (PASA II) is part of the agricultural policy of the Moroccan government itself resulting from the basic orientations of the five-year plan 1981/85 economic and social development which aims as objectives: meeting the country's needs for basic agricultural products, increased participation of the agricultural sector in import coverage and improved farmers' incomes. As for PASA I, the PASA II loan is intended to finance the importation of inputs such as fertilizers and raw materials, agricultural chemicals, feedstuffs and veterinary products, petroleum products, seeds and seedlings. It will finance in particular a portion of the foreign exchange costs of five of the following six components: i) fertilizers and raw materials; (ii) agricultural machinery and spare parts; iii) seeds and seedlings; iv) agricultural chemicals; (v) animal feed and veterinary products; (vi) petroleum products. The program covers the two crop years 1987-1988 and 1988-1989. The actions of this second phase of the PASA revolve around the same axes as those defined for the first phase. They are part of Morocco's economic recovery plan.

Project Objectives

The general objectives of the Agricultural Sector Adjustment Program Phase II (FSEP II) are: consolidate the adjustments made during the PASA I, to promote the production of the agricultural sector, to reduce the deficit of public finances and improve the balance of payments.

Beneficiaries

The program will benefit directly to the Government of the Kingdom of Morocco.

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