MCA-Compact II: Economy Minister Welcomes Encouraging Implementation Record

Rabat – The results recorded under the deployment of various projects as part of the cooperation program “Compact II” are encouraging, the Minister of Economy and Finance, Nadia Fettah, said on Monday in Rabat.

Speaking at the 13th session of the Strategic Orientation Board (SOB) of the Millennium Challenge Account-Morocco Agency (MCA-Morocco) devoted to the presentation of the implementation review of the cooperation program “Compact II”, the Minister said that this session is of particular interest given that it is held three months before the end of “Compact II”, recalling that this program was concluded between the government of Morocco and its American counterpart, represented by Millennium Challenge Corporation (MCC).

She also stressed that if the results recorded under the deployment of various projects are encouraging, the strong mobilization of all stakeholders remains decisive to speed up the implementation of operational activities, continue support for the activation of structural reforms and successful testing of advanced innovative models of intervention.

Fettah also reiterated the government’s commitment to capitalize on the substantial achievements to promote the sustainability of the “Compact II” projects, whose goals are in line with the High Directions of HM King Mohammed VI, on the development of human capital and mobilization of land for investment promotion.

Similarly, the Minister reaffirmed the Executive’s willingness to work to duplicate on a large scale, based on the results of independent assessment that will be conducted and with possible adaptations, models deployed as a pilot under the “Compact II”, noting that its goals are to strengthen the commitment of the private sector and civil society and support the transition of systems where the state plays a leading role to dynamic and competitive systems that engage more the private sector and better meet market needs.

In this sense, she highlighted the “Attahadi High School” model, the “Charaka” fund for vocational training, development, management and marketing of industrial zones according to a public-private partnership (PPP) model, the fund for sustainable industrial zones (FONZID), as well as the employment program via results-based financing (RBF).

For her part, the Director General of the MCA-Morocco Agency, Malika Laasri, highlighted the Agency’s honorable financial achievements, as evidenced by the recording of a commitment rate of nearly 93% and a disbursement rate of nearly 80%, compared to 87% and 50% respectively a year earlier.

On this occasion, she welcomed the significant achievements made in particular in the field of infrastructure works, with the completion of the rehabilitation of 78 high schools in the regions of Tangier-Tetouan-Al Hoceima, Marrakech-Safi and Fez-Meknes, the realization of a rate of progress ranging between 50 and 98% of the rehabilitation works of the 11 other junior and high schools in the Region Fez-Meknes.

Laasri also mentioned the completion or imminent finalization of the construction or rehabilitation of 14 out of 15 vocational training institutions supported by the Fund “Charaka”, the completion of off-site work at the level of three pilot industrial zones in the Casablanca-Settat Region, the imminent completion of the in-site works carried out by the private partner in the project of extension of the industrial zone of Bouznika, as well as the sustained progress of the works of development and construction of industrial or services buildings initiated in 8 projects supported by the FONZID.

 

 

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