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Morocco - Electrical and Mechanical Industries Project (English)

The main objectives of the Electrical and Mechanical Industries (EMI) Project for Morocco were to support the efficient development of EMIs as a priority sub sector in Morocco's development plan, promote long-term industrial lending, and strengthen the role of the Office de Developpement Industriel (ODI) in industrial promotion. The implementation of the project experienced several problems. First of all, the economic setting changed and the Government began to focus on policies for export promotion rather than import substitution, which was the key sector strategy when the EMI project was conceived. Second, in 1983 -84 the Government had established a stabilization program to address the economic crisis that had resulted from a large public investment program and from diminished earnings from the export of phosphates, the county's major export commodity. These changes, combined with a subsequent shift in Bank lending from specific industrial sub sectors to more general lines of credit, diverted the attention of the Government and the Bank away from the specific needs of the EMI sub sector. The project experienced delays in effectiveness, in disbursements and in meeting loan conditionality. Furthermore, the Bank did not devote sufficient attention to supervising the project, particularly in relation to the changing needs of the EMI sub sector. There also was some misunderstanding on the part of the Treasury, and within the Bank, concerning the use of the special account.

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Morocco - Electrical and Mechanical Industries Project (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/274621468323668957/Morocco-Electrical-and-Mechanical-Industries-Project