Morocco - Results-Based Programme for Enhancing Regional Competitiveness in Morocco (PARACT-M)


Project Summary

Approval Date 18 Dec 2019
Signature Date 18 Dec 2019
Planned Completion Date 31 Dec 2022
Last Disbursement Planned Date 31 Dec 2022
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 11330
Commitment U.A 160,982,284.63
Status Approved

Project General Description

The Results-Based Programme for Enhancing Regional Competitiveness in Morocco (PARACT-M) forms part of Pillar 1 of Morocco's 2017-2021 CSP "Support for Green Industrialization through SMEs and the Export Sector". It relates to a results-based financing (RBF), designed to support efforts by the Moroccan authorities to improve regional competitiveness so as to boost the industrial sector locally, attract more investors and create jobs. PARACT-M is a continuation of the Bank's intervention in Morocco to enhance the investment environment and strengthen the industrial fabric. Indeed, the Morocco Industrialization Acceleration Support Programme (PAAIM), a Bank programmatic budget support covering the periods 2017-2018 and 2019-2020, has already enabled accelerated structural reforms required for economic diversification through industrialization. Thus, while PAAIM was an excellent framework for intervention on public reforms, PARACT-M provides a specific and targeted response to the constraints on regional-level competitiveness in Morocco, as underscored in the Growth Diagnostic 2015, and more generally at the continental level under the Compact with Africa (CwA) initiative. PARACT-M is structured around two key components, namely: (i) improving the local investment incentives and environment and (ii) support for the competitiveness of the regional industrial fabric.

Project Objectives

This operation’s development objective is to enhance regional competitiveness in order to attract private investors and thus create new jobs.

Beneficiaries

The main beneficiary of the program is the Government of the Morocco Kingdom. In addition, the program will benefit the entire Moroccan population.

Participating Organization

Funding
African Development Bank
Implementing
Ministère de l#Economie, des Finances et et de la Réforme Administrative

Information

IATI identifier 46002-P-MA-K00-019
Last Update 25 May 2020

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Contact Details

Name KESSAB Ammar
Email a.kessab@afdb.org

Geographic Location

Country Morocco