2024-07-24 06:33:14
Speaking at a panel organized as part of the “Essaouira Investor Day” meeting, Mr. Baraka stressed that development policies must absolutely focus on local specificities to be truly effective.
In this sense, he argued that regionalization must be at the heart of development strategies in order to guarantee a better adaptation of projects to the real needs of the territories.
“This approach makes it possible to optimize the use of resources and meet the expectations of local populations, while improving the implementation of infrastructure projects,” he explained.
The minister also highlighted the need for better coordination of regional efforts to align investments with local priorities, thereby promoting harmonious development across the Kingdom.
In the process, Mr. Baraka looked at the new approach implemented by the ministry for the development of infrastructure, notably through program contracts with the regions, aimed at improving the implementation of projects.
“This new approach aims to solve the problems of prioritization, temporality and synchronization of projects, while involving regional directors in the management of markets,” he explained.
Regarding financing, Mr. Baraka specified that the regions now have the possibility of resorting to debt and financial markets to obtain additional funds.
“This measure aims to remove financial obstacles to development and to ensure complementarity between regional budgets, state funding and the provinces’ own resources,” he continued.
2024-07-24 06:33:14