|Approval Date||08 Jul 2015|
|Signature Date||28 Jul 2015|
|Planned Completion Date||31 Dec 2016|
|Last Disbursement Planned Date||31 Dec 2016|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||24030|
Economic Competitiveness Support Programme (PACEM) aims to create accelerated growth through improved competitiveness of the economy. It aims to contribute to efforts by the authorities to reduce microeconomic constraints, including those on efficient public and private investment, tax system distortions and the slow enforcement of court decisions on businessrelated cases. Hence, while addressing the country’s financing needs for 2015, PACEM will allow for continuation of dialogue on competitiveness-supporting reforms with the Moroccan authorities, before engaging in a medium-term programme-based support. The programme seeks to consolidate and deepen reforms implemented under the Economic and Financial Governance Support Programme (PARGEF/Hakama). The expected programme outcomes include: (i) improved competitiveness of the Moroccan economy; (ii) increased number of sole proprietorships (“auto-entrepreneurs”); (iii) improved public investment management; and (iv) greater transparency in the public procurement system. PACEM comprises two complementary components: (I) Improve the private investment climate; and (II) Improve public investment efficiency.
PACEM aims to contribute to create conditions for accelerated and inclusive economic growth by strengthening the competitiveness of the Moroccan economy. Specifically, its objective is to improve the efficiency of private and public investment, with a view to maximizing the impact on growth, economic transformation and job creation.
PACEM will benefit the entire Moroccan population by improving competitiveness that will underpin growth and job creation. In particular, it will benefit: (i) Moroccan SMEs that will witness the lifting of several constraints hampering the development of their activities, especially provision of public procurement collaterals and additional incentives to employ workers; (ii) major project investors, who will have a more transparent and encouraging framework for investment and negotiation, as well as a clear system for PPPs; (iii) informal sector workers and the unemployed, mostly women, who will make the most of the tax amnesty and the new incentives system set up as part of the sole proprietor arrangement.
African Development Bank
GOUVERNEMENT DU MAROC MINISTERE DES FINANCES DIRECTION DU
|Last Update||18 Feb 2020|