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Public Investments: New Avenues for Improvement Validated in Morocco

The modalities that have prevailed, since 2015, in terms of the orientation of public investments in Morocco, will have to evolve. The continuity of projects financed by the state budget is at the top of the list of concerns of all ministerial departments, during the remainder of this year 2021. Several conditions have been set for obtaining budgetary support from the State, public institutions, and local authorities.

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The modalities that have prevailed, since 2015, in terms of the orientation of public investments in Morocco, will have to evolve. The new decree on the modalities for concluding public-private partnerships (PPP) aims to accelerate the pace of public investment.

The revision of regulations aimed at improving the pace of public investment continues with the adoption of Decree 2-20-704, which modifies the standards for PPP contracts. Indeed, the green light given to the new decree is synonymous with a revision of the standards that have prevailed for over six years. “This decree is part of the modernization and revision of regulatory provisions with the law 46-18, with the aim of accelerating the pace of investment,” it says

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For major projects, a single-mode will be adopted for all sites

It is, therefore, with the new legislation, to update the PPP contracts, in order to give a new breath to public investment, during the next fiscal year. It must be said that the continuity of projects financed by the state budget is at the top of the list of concerns of all ministerial departments, during the remainder of this year 2021. Several conditions have been set for obtaining budgetary support from the State, public institutions, and local authorities. At the forefront of these requirements are “the creation of employment, the impact on the reduction of spatial inequalities, as well as the fight against the economic impact of the Covid-19.

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The map of projects, under 2021, has been established according to a logic of “reorganization of spending priorities, in order to free up budgetary margins that will finance projects, whose studies have demonstrated a direct impact on job creation and upgrading of local production,” says the roadmap of the Government. The main measures that will be implemented concern, in turn, the steering of investment operations, as well as “the establishment of common arrangements to facilitate the central steering of investment, with the strengthening of the legal framework relating thereto,” says the same source.

For major projects, a single-mode will be adopted for all sites. The flagship projects, to be treated in accordance with the new management methods, have already been identified, in order to meet the deadlines for their completion. It should be noted that the average execution of public expenditure has undergone a clear evolution over the past three years, with a rate that is currently 77%.

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First published in LesEco.ma, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.