The Results-Based Programme for Enhancing Regional Competitiveness in Morocco (PARACT-M) forms part of Pillar 1 of Morocco's 2017-2021 CSP "Support for Green Industrialization through SMEs and the Export Sector".

It relates to a results-based financing (RBF), designed to support efforts by the Moroccan authorities to improve regional competitiveness so as to boost the industrial sector locally, attract more investors and create jobs.

PARACT-M is a continuation of the Bank's intervention in Morocco to enhance the investment environment and strengthen the industrial fabric. Indeed, the Morocco Industrialization Acceleration Support Programme (PAAIM), a Bank programmatic budget support covering the periods 2017-2018 and 2019-2020, has already enabled accelerated structural reforms required for economic diversification through industrialization.

Thus, while PAAIM was an excellent framework for intervention on public reforms, PARACT-M provides a specific and targeted response to the constraints on regional-level competitiveness in Morocco, as underscored in the Growth Diagnostic 2015, and more generally at the continental level under the Compact with Africa (CwA) initiative.

PARACT-M is structured around two key components, namely:

(i) improving the local investment incentives and environment

(ii) support for the competitiveness of the regional industrial fabric.