Ahmad 
Morocco signed, on Monday, a financing agreement worth $350 million with the World Bank, to support a series of institutional reforms and improvements in the public contracting sector over the next five years.
The agreed upon program seeks to achieve tangible improvements in the efficiency and effectiveness of public institutions, while enhancing the vital role of the private sector in investment and creating a fair competitive environment. The program also includes initiatives dedicated to confronting the climate challenges affecting the country.
The Moroccan Minister of Economy and Finance, Nadia Fattah, stressed the importance of this partnership with the World Bank, noting that this agreement reflects exemplary relations and constructive cooperation between Morocco and international financial institutions.
She added that the expected reforms will contribute to strengthening good governance and raising the performance of public enterprises to new levels of efficiency and effectiveness.
The partnership between Morocco and the World Bank is based on developing infrastructure such as roads, transportation, and sanitation, and the Bank also provides support for projects in the areas of health care, youth empowerment, renewable energy, governance, and the promotion of small and medium enterprises.
27 projects are currently being implemented, including three projects that began in 2017, and the World Bank invested more than one billion dollars annually in Morocco from 2014 to 2015.
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