Morocco - Drafting of the Monetary and Financial Code


Project Summary

Approval Date 20 Sep 2012
Signature Date 19 Dec 2012
Planned Completion Date 31 Dec 2018
Last Disbursement Planned Date 31 Dec 2018
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 489,258
Status Completion

Project General Description

The project to support the elaboration of the Moroccan Monetary and Financial Code (P-COMOFIM) is an extension of reforms aimed at modernizing the business climate and strengthening the financial governance and attractiveness of the Kingdom. This project, whose execution time is scheduled for 36 months, will improve the laws and regulations of the Moroccan financial sector. The proposed intervention consists essentially of: (i) legal support to the Codification Team , (ii) the conduct of codification work, (iii) the formulation of legal opinions on the questions submitted to the Codification Team by the Project Steering Committee.

Project Objectives

The project is mainly aimed at simplifying and clarifying the legal framework governing the Moroccan financial sector.

Beneficiaries

The Government of Morocco is the main beneficiary of this project.

Participating Organization

Implementing
DIRECTION DU TRESOR ET DES FINANCES EXTE
Implementing
Ministère de l’Economie et des Finances
Funding
Middle Income Countries Fund

Information

IATI identifier 46002-P-MA-HZ0-010
Last Update 21 Mar 2023

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Contact Details

Name Ismail MAHAMOUD HOUSSEIN
Email i.mahamoudhoussein@afdb.org

Geographic Location

Country Morocco
Coordinates Location Name
34.0133 -6.83255 Rabat