The main objective of this program is to deploy reforms that boost the Moroccan economy and consolidate its resilience to exogenous factors, including climatic ones, the AfDB said in a press release.
In this context, the Bank supports major reforms of economic and sectoral governance, in particular the current one concerning public enterprises, the same source said.
In a context of repositioning the development model, the PGRCC will contribute to refocusing the public sector on its strategic and regulatory functions while continuing its role as a catalyst for private investment and economic competitiveness.
By supporting the transition to a sustainable development approach, the programme has the second objective of contributing to the reduction of the volatility of the macroeconomic framework in relation to exogenous factors, including climatic ones.
In this context, it will support the government’s efforts to strengthen governance, improve the performance of the water sector and establish a framework favorable to the development of renewable energies.
The AfDB recalls that Morocco, over the decade 2010-2020, has carried out significant structural reforms. The Kingdom has invested considerably in infrastructure with a level of public investment increasing from 167 to 335 billion dirhams (MMDH) over the period 2011-2023.
The level of growth remains a function of rainfall and fluctuations in energy prices. This situation impacts the growth trajectory and increases macroeconomic volatility.
2024-09-07 08:25:29