Highlights

Participation of Mr. Mohammed BOUSSAID in the National seminar on Effective Public Investment organized in partnership with the (OECD) : 22/05/2017

Participation of Mr. Mohammed BOUSSAID in the National seminar on Effective Public Investment organized in partnership with the (OECD)

The Minister of Economy and Finance, Mr. Mohammed BOUSSAID, took part,  Tuesday, May 23rd 2017 in Rabat, in a high-level national seminar under the theme: "Efficient Public Investment: Towards inclusive and sustainable territorial development in Morocco".


The meeting, chaired by the Head of Government, was organized in partnership with the Organization for Economic Cooperation and Development (OECD) as part of the implementation of the Territorial Dialogue project under the Country Program ) Between Morocco and the (OECD).


The key objectives of this event are:

• The preparation of Morocco's accession to the (OECD) recommendation on effective public investment;

• Sharing the (OECD) and member countries experience on good governance practices for public investment at the territorial and national level;

• The development of a national roadmap that may involve new approaches / tools to improve the governance and the efficiency of public investment.

 

The meeting addressed issues related to good public investment decisions, particularly at local level, investment arbitrage, as well as constant implementation of investments to ensure inclusive and sustainable local development.


In his speech, Mr. Mohammed BOUSSAID, stressed that the significant budgets attributed to public investment raise issues relating to the impact on debt. However, he added: "Without this debt, we will not have achieved a number of structuring projects and infrastructures such as highways and ports ... Main part of this debt is assumed by public institutions, 5 of which represent approximately 80% of this indebtedness.”

 

Mr. BOUSSAID stated that his Ministry and the World Bank were developing a system “Project Investment Management” (PIM), which would make it possible to rank investments according to priority, particularly in terms of their impact on the growth.

 

It is noted that the two year "Country Program", established, June 15th 2015 in Paris includes the accession of Morocco to 9 legal instruments of the (OECD), its enhanced participation in 9 committees of the (OECD), as well as the implementation of 17 strategic projects in support of Morocco's national development objectives (peer reviews, capacity-building activities and the integration of Morocco into the (OECD) statistical concepts).