2024-07-05 00:42:45
During the signing ceremony, Mr. Fettah stressed that this agreement consolidates the exemplary cooperation relations with the WB and intervenes to support the implementation of the EEP reform process, initiated by the Kingdom in application of the High Royal Guidelines relating to the reform of the EEP sector and marked by the adoption and implementation of Framework Law No. 50-21 on the reform of EEP and Law No. 82-20 establishing the National Agency for Strategic Management of State Shareholdings and Monitoring the Performance of Public Establishments and Enterprises (ANGSPE), indicates a press release from the Ministry of Economy and Finance.
The said agreement also comes following the approval by the Council of Ministers of June 1, 2024, under the chairmanship of His Majesty King Mohammed VI, of the strategic orientations of the State’s shareholder policy, as one of the pillars of the reform of the EEP sector which aims, in particular, to reconfigure the public portfolio and improve its performance and governance, as well as to promote the participation of the private sector in the investment effort.
Reflecting Morocco’s ambitious commitments to reforming EEPs, the results-based program benefiting from World Bank financing aims in particular to support “strengthening the State’s shareholder functions and the EEP governance framework”, “resizing the public portfolio and strengthening competitive neutrality”, in addition to “improving monitoring of EEP performance, including in terms of climate impacts”.
The implementation of this program will be spread over five years and will be ensured by ANGSPE and the Directorate of Public Enterprises and Privatization (DEPP), in coordination with all the stakeholders concerned.
The ceremony was also attended by the President of the Competition Council, the Director General of ANGSPE, the Director of Public Enterprises and Privatization, as well as senior officials from the Ministry of Economy and Finance.
2024-07-05 00:42:45