Morocco - Industrialization Acceleration Support Programme in Morocco – Phase II (PAAIM II)


Project Summary

Approval Date 14 Mar 2019
Signature Date 28 Mar 2019
Planned Completion Date 31 Dec 2020
Last Disbursement Planned Date 31 Dec 2020
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 43010
Commitment U.A 216,951,347.85
Status Implementation

Project General Description

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.

Project Objectives

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.

Beneficiaries

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.

Participating Organization

Funding
African Development Bank
Implementing
DIRECTION DU BUDGET MINISTERE DES FINANCES ET DE LA PRIVATISION

Information

IATI identifier 46002-P-MA-K00-014
Last Update 25 Jul 2019

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Contact Details

Geographic Location

Country Morocco