Consolidation of the Structural Adjustment Programme


Project Summary

Approval Date 01 Sep 1993
Signature Date 23 Sep 1993
Planned Completion Date 31 Dec 1994
Last Disbursement Planned Date 31 Dec 1994
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 43010
Commitment U.A 99,999,997.77
Status Cancelled

Project General Description

The present intervention relates to the Consolidation of the Structural Adjustment Programme. This consolidation phase should complete the actions embarked, upon in 1983 to restore the major financial and economic equilibria, and to provide a solid foundation for the continued development of the country. Morocco should be one of the first countries of the Continent to come out of structural adjustment and resume sustained growth. The measures proposed by the Government under this programme are consistent and complete those already taken in the financial, industrial and agricultural sectors. At the completion of the structural adjustment process, the Moroccan economy should be liberal and modern and the authorities, devoted inter alia to solving the problems of human resources development and social solidarity. The programme is centred on the reforms of public finances, the social sector and external trade to enable the Moroccan econorny achieve an efficient, autonomous and equitable growth over the 1990s.

Project Objectives

The main objectives of the structural adjustment programme are to: i) further promote exports through external trade liberalization with a view to strengthening the convertibility of the Dirham; ii) ensure a sustained reduction in the budget deficit by ensuring a better source allocation in order to promote investment in the productive sectors; and iii) rechannel credit in favour of the social and agricultural sectors so as to further reduce social inequalities.

Beneficiaries

The main beneficiaries of the program are: the Government of the Kingdom of Morocco, enterprises and ultimately the populations.

Participating Organization

Funding
African Development Bank
Implementing
BANK AL-MAGHRIB

Information

IATI identifier 46002-P-MA-K00-001
Last Update 31 Oct 2019

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Geographic Location

Country Morocco