Highlights

Morocco-EU: launch of the institutional twinning for the benefit of the General Inspectorate of Finance (IGF) : 15/11/2012

Morocco-EU: launch of the institutional twinning for the benefit of the General Inspectorate of Finance (IGF)

The institutional twinning project of the Moroccan General Inspectorate of Finance (IGF) with its French and Portuguese counterparts was launched Wednesday, November 14th 2012 in Rabat.

Entitled "Strengthening institutional, organizational and professional capacity of the General Inspectorate of Finance", this project, which is part of the support program to the implementation of the Association agreement (P3A), was confirmed with the signing of a contract by all the stakeholders , namely the Ministry of Economy and Finance, the Ministry of Foreign Affairs and Cooperation, the European Union and by the twinning partners represented by the Moroccan ( IGF )and the French and the Portuguese( IGF ) .

This project comes at a particular time where partnership relations between the Kingdom of Morocco and EU are experiencing a new impetus as evidenced by the European neighborhood, the advanced status policy and deep reforms initiated recently by Morocco, stated the Minister of Economy and Finance, Mr. Nizar BARAKA, who headed the launching seminar together with the Ambassador of the European Union Mr. Eneko Landaburu.

Mr. Baraka specified that Morocco is part of the dynamics to promote the effective implementation of good practices recommended by the EUas regards public finance management and through a series of major reforms that were given a new impetus with His Majesty the King`sspeech of March09th 2011.

He stressed that in order to strengthen the mechanisms of the moralization of public life, it is necessary to reassess the role of the IGF system in the governance of public finance, as well as its responsibilities in the process of the moralization management and the prevention of fraud and corruption.

The Minister added that this twinning aims to support the Kingdom in the process of improving its institutional capacities in order to better meet the requirements of good governance in public finance and financial transparency, the moralization of governance as well as those of administrative modernization and public performance.

The EU Ambassador, Eneko Landaburu, noted that this twining aims to "provide the Moroccan IGF with expertise to make public spending very efficient and transparent". He noted that "the EU supports a team of experts that will cooperate with the Ministry of Economy and Finance to set better goals and ensure the use of more efficient tools for a better management of public finance.

Funded by the EU (1.2 million euros), these 2 years institutional twinning aims to support the Kingdom in the process of improving its institutional capacity in particular regarding the review of the texts setting up the IGF and providing it with a strategic and operational outline.

It also helps to strengthen and professionalize auditing, monitoring and evaluating public policies, in accordance with international best practices in particular by proposing a plan for a long-term training of finance inspectors and ISO certification scheme of the Moroccan IGF structure.