The Minister of Economy and affaires, Nadia Fettah, stated on Monday at the Chamber of Representatives that the share of public contracts awarded to small and medium-sized enterprises (SMEs) reached 35% in 2023.
In response to an vocal question on support for businesses in accessing public contracts, the minister assured that special attention is given to SMEs in the public procurement sector, particularly through the Investment Charter. She noted that financing remains a challenge for these enterprises due to their inability to provide guarantees.
In this regard, Ms. Fettah explained that in 2023, SMEs obtained guarantees from the company « Tamwilcom » worth 40 billion dirhams (MMDH). She also added that according to data from Bank Al-Maghrib, 41% of loans granted in 2022 benefited this category of enterprises.
Furthermore, in response to another question regarding pension system reform, Ms. Fettah emphasized the need for reform. She stated that the government and its social dialogue partners have committed to carrying out this reform over a significant period of several decades.
The minister also added that both parties have agreed to reform the governance and management of pension systems, and to work towards developing a clear vision for this project by the next round of social dialogue in September.
This positive and motivating news highlights the government’s efforts to support SMEs and ensure their participation in public contracts, as well as its commitment to reforming the pension system for the benefit of all citizens. This is a step towards creating a more inclusive and prosperous economy for Morocco.
The increase in the share of public contracts awarded to SMEs is a testament to the success of government initiatives such as the Investment Charter and the support provided by Tamwilcom. This will undoubtedly contribute to the growth and development of small and medium-sized businesses, creating more job opportunities and boosting the economy.
The commitment to reform the pension system is also a positive development, as it will ensure the sustainability and efficiency of these systems for the future. The government’s aide with social dialogue partners is a promising sign of progress and cooperation towards achieving this goal.
In conclusion, the Minister of Economy and affaires’s announcement of the increase in SMEs’ share of public contracts and the commitment to reform the pension system is a testament to the government’s dedication to promoting economic growth and prosperity in Morocco. This news is a source of encouragement for all businesses and citizens, and we look forward to seeing the positive impact of these initiatives in the near future.