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

Project Summary

Approval 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	07 Aug 2020

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Contact Details

Name	KESSAB Ammar
Email	a.kessab@afdb.org

Geographic Location

Country	Morocco

Project Classification

Finance Type	N/A
Flow Type	ODA
Aid Type	Project Type Interventions

Commitments

U.A 160,982,284

African Development Bank

U.A 160,982,284.63

Document Type	Language	Document
Environmental Study	fr	viewer

Indicator	Target Year	Target Value
Net number of enterprises created in the regions	2019	107509
Number of jobs created in the industrial sector	2019	75000
Volume of industrial exports	2019	459
Overall amount of planned investments under signed agreements, contracts and investment protocols	2019	6,6
Number of new beneficiaries of the IMTIAZ Growth (SME) and ISTITMAR Growth (VSE) programs	2019	120
Number of events organized by Moroccan Agency for Development of Investments and Exports (AMDIE)	2019	300
Overall amount of planned investments under signed investment agreements	2019	10,93
Preparation of National Commission on Public Procurement (CNCP) manuals and guide	2019	4
Realization of the self-assessment of the public procurement ecosystem according to the MAPS II methodology	2019	Action plan available
Number of conventions and / or protocols signed for the realization of industrial infrastructures	2019	9
Number of regional General Confederations of Enterprises of Morocco (CGEMs) supported on export development to Africa and rest of the world	2019	12
Realization of the study on comparative import/export advantages of Moroccan regions in Africa	2019	1