|Approval Date||19 Nov 1997|
|Signature Date||28 May 1998|
|Planned Completion Date||31 Dec 2000|
|Last Disbursement Planned Date||31 Dec 1999|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||24030|
The Institutional Savings Development Program (PDEI) in Morocco is part of the strategy of deepening the financial sector reforms undertaken by the Moroccan authorities in the mid-1990s. The program comprises 36 measures divided among the four components of (i) restructuring of the insurance sector, (ii) launch of the pension reform, (iii) reframing the role of Caisse des Dépôts et de Gestion (CDG) and (iv) deepening the capital market. It is financed by the ADB and the World Bank for 130 MUC and 100 MUSD, respectively. The program has an important economic and social impact and should ultimately contribute to improving the living conditions of the population and reducing unemployment.
The overall objective of the PDEI is to contribute to achieving a high and sustainable growth rate in the Moroccan economy in order to reduce unemployment and improve the living conditions of the population. Specifically, the PDEI aims to improve the structure of savings and its allocation to productive investment of the private sector through the restructuring of the insurance sector, the launch of the reform of pension systems and deepening the development of the capital market.
The program will benefit directly to the Government of the Kingdom of Morocco.
African Development Bank
Bank al Maghrib
|Last Update||23 Oct 2020|