The African Development Bank (AfDB) has maintained its 'very satisfactory' rating for the development objectives of the Territorial Competitiveness Support Program in Morocco (PARACT-M), according to a recent evaluation. The program, which the bank finances, also received a 'satisfactory' rating for its execution status.
PARACT-M aims to enhance the competitiveness of Moroccan territories by improving the business climate, supporting local economic development, and strengthening the capacities of regional authorities. The program is part of Morocco's broader strategy to reduce regional disparities and promote inclusive growth.
The AfDB's assessment highlights the program's significant progress, with planned investments totaling 420 billion Moroccan dirhams (approximately $42 billion). This includes contributions from both the bank and other partners, supporting projects across various regions of the kingdom.
The evaluation underscores the program's positive impact on local governance and private sector development, aligning with Morocco's New Development Model, which emphasizes territorial equity and competitiveness. The AfDB's continued support reflects confidence in the program's implementation and its potential to drive sustainable economic growth.
