The project aims at improving the efficiency of local investments, distribution of the local share of the value-added tax (VAT) among local governments, availability and delivery of local services, and management of the local sector. It includes the following: (a) funding for local investments in roads, water and sewerage, solid waste, and productive and recreational facilities; (b) technical assistance, training, and equipment to improve the Communal Infrastructure Fund's institutional capabilities; (c) training for local governments' staff, including the construction of a training center, training of trainers, and related consultant services; and (d) technical assistance, training and equipment to improve intergovernmental finance, and the central government management systems related to the local sector.
Details
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Document Date
1993/05/21
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Document Type
Memorandum & Recommendation of the President
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Report Number
P5987
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2013/07/10
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Disclosure Status
Disclosed
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Doc Name
Morocco - First Municipal Finance Project
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Keywords
efficiency of the public sector;local sector;efficient allocation of resource;Economic Rate of Retum;water and sewerage sector;solid waste collection;source of financing;foreign exchange risk;communal infrastructure;potable water supply;method of procurement;central government official;foreign exchange loss;wastage of water;condition of effectiveness;engine of growth;local government staff;return on asset;event of default;variable interest rate;adverse environmental impact;local government capacity;fixed interest rate;policy and institution;rural power system;debt service ratio;commercial bank loan;local government revenue;eligibility criterion;intergovernmental finance;project execution;investment level;Management Systems;institutional improvement;Municipal Finance;local investment;rural commune;investment program;special account;project costing;local taxes;interest risk;environmental aspect;environmental specialist;local taxation;project risk;rural transportation infrastructure;power service;elected officials;qualified professional;environmental issue;business enterprise;financial viability;transportation agency;savings performance;grace period;water distribution;management cost;macroeconomic adjustment;urban municipality;social indicator;essential services;sewerage system;improved service;investment finance;local entities;financial discipline;financial independence;objective criterion;tax base;rapid appraisal;poor community;local budget;budget deficit;government training;binding constraint;vat reform;political pressure;water system;Bank Procedure;term deposits;productive facility;project processing;financial resource;Financing plans;average interest;lending condition;commercial risk;Fiscal Reform;equity contribution;improving management;budget system;exchange margin;computer equipment;urban service;government fund;financial agency;urban population;financial policies;environmental competence;managerial autonomy;communal facility;
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Citation
Morocco - First Municipal Finance Project (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/141011468278079058/Morocco-First-Municipal-Finance-Project