Investment Charter: Akhannouch chairs Inter-ministerial meeting

Head of Government Aziz Akhannouch, chaired on Wednesday in Rabat, the third Inter-ministerial meeting on the new Investment Charter.

The meeting discussed various priority projects undertaken by the ministerial departments for the implementation of the new Investment Charter, according to a press release issued by the Moroccan government department.

“The new Investment Charter will focus on the acceleration of reform projects facilitating entrepreneurship, and investment but will also keep track of laws related to simplification and digitization of administrative procedures,” stated the press release.

The press release added the Investment Charter hugely involves the Moroccan banking sector with the aim of boosting investment, as well as accelerating reform projects facilitating means of financing adapted to the business.

During the meeting, Akhannouch urged all ministers to continue their efforts in favor of the implementation of the New Investment Charter as well as the structural reforms to be carried out, in order to comply with the royal guidelines and instructions.

Earlier this month, Akhannouch underlined the importance of encouraging entrepreneurship and investment, as key points for the development and acceleration of economic recovery, after the global pandemic.

The government has additionally launched “Forsa”, an ambitious program with the aim of encouraging entrepreneurial projects and creating job opportunities.

As the 2021 employment rate marked a decrease, Morocco’s 2022 finance bill allocated over MAD 3 billion to promote entrepreneurship and support employment.

In 2021, the employment rate decreased from 35.3% to 35.1%, according to Morocco’s High Commission for Planning (HCP) report.