|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|
|DAC Sector Code||11330|
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.
This operation’s development objective is to enhance regional competitiveness in order to attract private investors and thus create new jobs.
The main beneficiary of the program is the Government of the Morocco Kingdom. In addition, the program will benefit the entire Moroccan population.
African Development Bank
Ministère de l#Economie, des Finances et et de la Réforme Administrative
|Last Update||25 May 2020|