Moroccan Minister of Economy and Finance Mohamed Benchaaboun has submitted before the parliamentary Finance and Economic Development Committee a bill on establishing a national agency for strategic management of the state’s contributions.
According to the minister, the bill is a “qualitative leap” in efforts to achieve inclusive reforms in the public contracting and institutions sector.
This is unprecedented in the history of Morocco, he added, given that the previous reforms were restricted to financial auditing.
The minister stressed that the bill is in implementation of the directives of Morocco’s King Mohammed VI, who called for accelerating economic growth, building a competitive economy and creating jobs opportunities.
Founding the agency is also in the implementation of recommendations made by the parliament, the Court of Auditors, and the Ministry of Economy and Finance. They urged setting a mechanism to manage the state’s contributions in public contracting and institutions.
The agency would be a public institution that is financially and administratively independent. It will later be transferred into a shareholder company.
The agency is entitled to restructure the public intuitions and contracting. It can also suggest the establishment of new ones.
It has the authority when it comes to “privatization” to study the possibility of transforming public contracting into the private sector.
Benchaaboun added that the agency will be headed by a manager in addition to five representatives of the state and three independent figures. It will work on enhancing the transparency of institutions.
