Commission on devolution of investment management holds 1st meeting

Moroccan premier, Abderrahmane Youssoufi, chaired on Wednesday the first meeting of the ministerial commission set up by King Mohammed VI to prepare measures needed for devolution of investment management and follow-up of their implementation.

The commission examined and endorsed a draft single investment form and 12 draft decrees and decisions delegating some executive powers held by some ministerial departments to the walis (senior governors) and governors.

The inter-ministerial commission was set up last January by King Mohammed VI who announced the creation of single investment desks at each region and the devolution to walis and governors of investment-related prerogatives.

The royal measures are part of the deconcentration and decentralization Morocco has embarked on and seek to lift obstacles to investments and ease red tape.