11.2 billion DH mobilized in Morocco by the WB over the period 2011-2021 – Today Morocco

11.2 billion DH mobilized in Morocco by the WB over the period 2011-2021 – Today Morocco

2024-02-20 17:43:21

The World Bank Group has mobilized 11.2 billion dirhams (MMDH) to support Morocco’s development during the 2011-2021 period.

This support focused on private sector-led growth, human capital development, climate resilience and improved governance, according to the World Bank Independent Evaluation Group (IEG) report. entitled “The World Bank Group’s engagement in Morocco 2011-2021”, presented Tuesday during a webinar.

This evaluation report studies the contribution of the Bank Group to resolving four systemic obstacles to Morocco’s development, namely the lack of coherence of public policies, the imbalance of the economic rules of the game, the weak implementation of policies public authorities and the weak participation of citizens and non-state actors.

The document reveals, however, that remarkable successes have been recorded in areas such as improving the business climate and multi-sectoral coordination, highlighting “the Kingdom’s capacity to develop solutions to cross-sectoral challenges”.

Speaking on this occasion, the head of the Methods Advisory Function program of the World Bank Evaluation Group (IEG), Estelle Raimondo, noted that the WB has collaborated closely with several government and private organizations to improve the performance of the sector. private sector through a global approach to reforming financial systems, promoting digital finance and strengthening access to financing for small and micro-enterprises

“The Group has contributed to improving the country’s performance in the 10 regulatory areas measured by the Doing Business indicators, favoring reforms aimed at promoting fair competition in the market,” said Ms. Raimondo.

This report also recommends strengthening innovation through investment, particularly in the solar sector, which has strong potential in Morocco, added Ms. Raimondo, calling for maximizing the management of risks linked to innovation by implementing implements a management tool by results, and by promoting collaboration between the ministries and organizations concerned.

Regarding the implementation of public policies, Ms. Raimondo affirmed that the Bank succeeded in boosting the process by mitigating the risks linked to innovation, by facilitating South-South learning, by allowing effective coordination between stakeholders and by promoting adaptation and management by results.

As for strengthening citizen participation, the official revealed that promising initiatives aimed at resolving funding and capacity issues at the local level have been launched, demonstrating a persistent desire to improve citizen participation.

For his part, the director of the Department of Human Development and Economic Management of IEG, Theo Thomas, indicated that a country program evaluation, carried out by IEG aims to assess the effectiveness of the activities of the Group of the World Bank in the context of development.

By highlighting key development challenges faced, the assessment helps identify areas where improvements are needed, he said, adding that this assessment thus provides data to guide the WB’s future decisions.

As an independent entity, the IEG provides objective and transparent evaluation data, with the aim of helping the World Bank Group improve the quality of its services and increase the effectiveness of its results by using lessons learned from previous evaluations.

1708472064
#billion #mobilized #Morocco #period #Today #Morocco

Leave a Replay