Business climate: New roadmap | L’Economiste
The Government is launching a new roadmap for improving the business climate. This new 2023-2026 vision was officially announced during an official ceremony, organized on Wednesday, March 15 in Rabat.
Aziz Akhannouch, Head of Government, but also other speakers, including Mohcine Jazouli, Minister in charge of Investment, insisted on the fact that “ improving the business climate is an essential lever, if we wish to significantly and sustainably boost private investment ”. Revitalizing the role of the private sector and increasing its share in the overall investment effort is one of the main challenges of the new Investment Charter.
In his speech, the Head of Government insisted on the solidity of the Moroccan economy, which has shown resilience despite the difficult economic situation, linked in particular to the Covid crisis, the war in Ukraine, and other factors. Akhannouch also recalled the various measures put in place for businesses, particularly during the difficult post-Covid period, marked by stimulus requirements.
Today, the goal is to take a new step in economic revitalization. “We have certainly undertaken ambitious reforms and made major progress in improving the business climate”, Jazouli stressed. For him, the operationalization of the Mohammed VI Fund for Investment as well as the implementation of the new Investment Charter, are also crucial levers of this momentum.
In the new approach, productive investment must be used to finance the social state, create added value, and generate stable, quality jobs. According to the Minister in charge of Investment, ‘‘to meet these challenges and achieve common goals, a strong alliance is necessary between the public sector, the private sector, and the banks, with the territories’’. Regarding this last point, he recalled that ‘‘ for the first time in the economic history of Morocco, the development, approval, and signing of part of the investment agreements will be transferred to the regional level’’. For their part, the private sector and the banks “will have to support, in turn, the emergence and financing of this new generation of entrepreneurs and investors”.
As for the new roadmap, it is focused on strategic projects in terms of improving the business climate. It is structured around 3 pillars. These include “facilitating the act of investing and entrepreneurship”. As far the second pillar is concerned , it aims to improve competitiveness factors. The third pillar, meanwhile, is focused on entrepreneurship and innovation, through the establishment of support systems for VSMEs and startups, the strengthening of financing and support programs such as Forsa, the development of incubators, in addition to the development of human capital performance. Another crosscutting pillar is also planned. It covers ethics, integrity, and the prevention of corruption.
Mohamed Ali Mrabi
