|Approval Date||14 Mar 2019|
|Signature Date||28 Mar 2019|
|Planned Completion Date||31 Dec 2019|
|Last Disbursement Planned Date||31 Dec 2020|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||43010|
The present intervention concerns the Industrialization Acceleration Support Programme in Morocco - Phase II (PAAIM II). It responds to the major challenges and constraints that Morocco faces in achieving sustainable and balanced socio-economic development. The programme aims to contribute to the acceleration of industrialization, with particular emphasis on strengthening the competitiveness of the industrial fabric and improving financing tools for innovative industrial activities. PAAIM II, which is the second phase of the programme, will contribute to achieving the following outcomes: i) greater support for the promotion of industrial investments; ii) greater support for the promotion of industrial exports; iii) the support for the financing of SME development; and iv) the facilitation of business start-ups and green financing. PAAIM II will maintain the components of the initial programme, namely: (i) Support for Competitiveness of the Industrial Fabric by promoting industrial investments and exports; and (ii) Support for Financing Industrial Economic Activities through the financing of SME development, business start-ups, entrepreneurship and green financing.
The main objective of PAAIM II is to lay the foundations for a strong and sustainable, diversified and inclusive economy that is resilient to external shocks, particularly climate shock, by accelerating and strengthening the industrialisation process. Its specific objectives are to: (i) improve the competitiveness of the industrial fabric; and (ii) support the financing of industrial economic activities.
The programme’s direct beneficiaries are the private sector, particularly the industrial private sector, through a number of reforms which, when implemented, will help to improve investment and industrial product export conditions. SMEs, especially women-headed SMEs, are also indirect beneficiaries of PAAIM II. The indirect beneficiaries are Moroccan citizens who will enjoy the country's stabilised macroeconomic situation and increased economic growth through the creation of sustainable jobs particularly in the industrial sector.
African Development Bank
DIRECTION DU BUDGET MINISTERE DES FINANCES ET DE LA PRIVATISION
|Last Update||06 Jun 2019|