For Official Use Only CLR Review Independent Evaluation Group 1. CAS/CPS Data Country: Morocco CAS/CPS Year: FY14 CAS/CPS Period: FY14- FY17 CLR Period: FY14- FY17 Date of this review: February 6, 2019 2. Ratings CLR Rating IEG Rating Development Outcome: Moderately Satisfactory Moderately Satisfactory World Bank Group Performance: Good Good 3. Executive Summary i. This independent review of the World Bank Group’s Completion and Learning Review (CLR) covers the period of the Country Partnership Strategy (CPS), FY14-FY17. In addition to the CLR, this review is based on the original CPS approved by the Board on April 1, 2014 and the Performance and Learning Review (PLR) dated May 24,2016 which updated aspects of the original CPS. ii. Morocco is a lower middle-income country with a GNI per capita of $2,860 in 2017. Steady economic growth from 2001 to 2013 helped close the income gap with Mediterranean Europe and reduce poverty from 15.3 percent to 4.8 percent and lower the Gini coefficient from 40.6 to 39.5 over the same period. The well-being of the poorest 40 percent of the population improved in absolute and relative terms. 1 Morocco’s UNDP Human Development Index (HDI) score has been increasing gradually from 0.53 in 2010 to 0.67 in 2016, when the country’s ranked 123rd out of 188 countries. However, economic growth has slowed. Average annual GDP growth between 2014 and 2017 was only 3.1 percent despite investment exceeding 30 percent of GDP. Major development challenges have included a high rate of unemployment (around 10 percent), especially among the young (about 30 percent), and regional income disparities. Macroeconomic indicators have improved with lower fiscal and current account deficits and the public debt to GDP ratio stabilized at around 65 percent in 2016. iii. The CPS had three focus areas: (i) promoting competitive and inclusive growth; (ii) building a green and resilient future; and (iii) strengthening governance and institutions for improved service delivery to all citizens. These areas were aligned with the Government’s 2012-2016 program that sought to increase inclusion, generate sustainable development and create good governance. The PLR retained the overall architecture of the CPS; however, it reduced the number of objectives and indicators to respond to implementation challenges and other emerging concerns. The PLR committed to focus the new lending program on critical emerging priorities: (i) jobs agenda, (ii) inequalities, and (iii) governance and decentralization. iv. At the beginning of the CPS period, the World Bank’s total net commitments had reached $1.8 billion, comprising 15 operations, of which 65 percent were in water, energy, social and urban 1 Systematic Country Diagnostic, 2018. CLR Reviewed by: Panel Reviewed by: CLR Review Manager/Coordinator Luis Alvaro Sanchez Mauricio Carrizosa Jeff Chelsky Consultant, IEGEC Consultant, IEGEC Manager, IEGEC Albert Martinez Lourdes Pagaran Consultant, IEGEC CLRR Coordinator, IEGEC For Official Use Only CLR Review 2 Independent Evaluation Group and agriculture. During the CPS period, 21 operations were approved for a total $3.7 billion in commitments, including nine Development Policy Financing (DPF) operations for $2.1 billion, which accounted for more than half of total new commitments (55 percent). The bulk of these resources went to operations in finance, environment, energy, social development, and governance. During the CPS period, IFC made net commitments of $196 million in long-term loans and equity investments, mainly financing micro and small and medium enterprises (MSMEs). An investment in a green bond supported environmental lending. MIGA did not approve any guarantee operations in Morocco during the CPS period. v. Independent Evaluation Group (IEG) rates the achievement of CPS objectives as Moderately Satisfactory. Of the 12 objectives, three were achieved, five were mostly achieved, three partially achieved, and one not achieved. The objectives on financial inclusion, prevention and mitigation mechanisms against natural disasters, and accountability and transparency in the management of public resources were achieved. Improvements were made regarding the institutional framework for business, skills, energy generation and efficiency, and land, coastal, and disaster risk management. Partial gains were made in expanding social assistance and access to social services and to increasing value- added in agri-industry. Shortcomings include the limited contribution to improved open and inclusive governance. Expected gains in expanding access to water and sanitation have yet to materialize. vi. Overall, the World Bank Group performance is rated as Good. The design was relevant to the challenges the country faced and well aligned with an ambitious government agenda. The CPS program envisaged strong financial and ASA support and considered explicitly the link with the twin goals. The program at the outset, however, was not selective, reflected in several compound and broad objectives. On implementation, the Bank increased its financial commitments substantially, as intended. ASA provided strong support to the policy dialogue with the authorities. Morocco’s World Bank portfolio at exit performed well compared to the average for the MENA region and the Bank. Successful efforts were made to address implementation challenges that affected the portfolio including difficulties with land acquisition and remuneration in water related projects. The program relied on a limited number of effective partnerships, most notably for work on the environment and in the achievement of macro-economic stability critical to a DPL-intensive agenda. The PLR sought to finetune the results framework but did not improve the selectivity of the program. However, it sharpened the focus of new operations on jobs, regional disparities and governance, critical priorities for the country today. Collaboration across the Bank Group was limited and did not meet CPS expectations of joint efforts to mobilize private-sector resources, such as the envisaged Public Private Partnerships (PPP). vii. The CLR provided the following lessons, with which IEG concurs: (i) use results framework as a tool for setting strategic direction and monitoring accountability; (ii) reflect political realities in program design, using a governance filter; (iii) strengthen ASA using a multi-year approach rather than standalone activities; (iv) use a land acquisition filter early on to prevent delays; (v) deepen and scale up citizen engagement; and (v) use South-South channels to acquire and transmit knowledge. viii. IEG adds the following: • In formulating the objectives of a country partnership, the World Bank Group should strike a balance between supporting the implementation of a government’s broad and ambitious reform agenda and applying selectivity, alignment with the Bank Group’s comparative advantage and realism. The World Bank Group sought to support the implementation of the government’s broad and ambitious reform agenda, leading to a less than selective CPS program, reflected in compound and broad objectives that were unlikely to be fully achieved, notwithstanding scaled up Bank commitments and interventions. In articulating its future program in Morocco, the World Bank Group may want to ensure that a robust selectivity process guides the identification of objectives and that indicators are well aligned with World Bank Group’s interventions. For Official Use Only CLR Review 3 Independent Evaluation Group • Given the importance of the private sector’s role in generating economic growth, the Bank Group’s commitment to support growth requires a clearer strategy for working together across the institution and for enhancing the synergies between the World Bank, IFC and MIGA. In the case of Morocco, the CPS envisaged scaling up World Bank Group engagement, including through an expanded role for IFC and MIGA. Notwithstanding IFC’s engagement in the financial sector and its contribution to green financing, there is no indication that IFC had close collaboration with the World Bank to advance a common agenda. In the end, the envisaged scaled up of IFC engagement in Morocco did not materialize. Going forward, closer collaboration across the World Bank, IFC and MIGA, could be achieved by articulating a joint work program at the outset of a World Bank Group strategy and establishing appropriate arrangements to work together. 4. Strategic Focus Relevance of the World Bank Group Strategy: 1. Congruence with Country Context and Country Program. Morocco’s constitution was approved in July 2011 and set out an ambitious reform agenda to bring about greater transparency, participation and inclusion in the Kingdom of Morocco and sought to address the governance, jobs and political participation challenges left in the wake of the Arab Spring. Environment challenges included droughts and floods. The strategy of the Government (2012-2016) was anchored in the development of constitutional mandates around five pillars, three of which centered on governance, productivity and green growth, and inclusion. The CPS was organized around three results areas: (i) promoting competitive and inclusive growth; (ii) building a green and resilient future; and (iii) strengthening governance and institutions for improved service delivery to all citizens. The PLR retained the overall architecture of the CPS but revised several objectives and indicators and sought to align new operations with three of the government’s priority areas: jobs, inequalities, and governance and decentralization. 2. Relevance of Design. A wide range of instruments (IPF, DPF, PforR, and ASA) provided an adequate foundation for the achievement of CPS objectives. The operations under implementation at the beginning of the CPS focused on renewable energy, MSME development, agri-food, climate change, roads and water and sanitation. This part of the program was supported by operations from the previous CPS but faced implementation difficulties related to compliance with social safeguards policy requirements, including on land acquisition and compensation. New projects, most notably the DPL series and PforRs, supported the critical agenda on transparency and governance, finance, skills, environment and climate change, competitiveness, and urban development. Delivery on this agenda depended on the implementation capacity of the government including with respect to legislative initiatives. The CPS committed to bolstering the role of IFC and MIGA in support of the growth agenda and foresaw working with other development partners. However, the link between the proposed World Bank Group support and the CPS objectives was uneven. Some objectives were broad such as “enhanced open and inclusive governance” (Objective 9), thus weakening the link with the program as results chains were not well defined. Other objectives were compound, bringing together related but separate dimensions which also made it difficult to outline a clear results chain. Selectivity 3. The CPS design was not sufficiently selective. The original CPS design covered 14 objectives. The presence of multiple compound objectives broadened the scope of the program, further diluting selectivity. The PLR sought to tighten selectivity by reducing the number of objectives and indicators to 12 and 35, respectively and by focusing the lending program more narrowly around jobs, inequalities and governance. However, selectivity did not improve significantly as several compound objectives remained. The breadth of the CPS design reflected the commitment of the World Bank Group to a broader financial and thematic engagement in Morocco in support of the implementation of the new constitution and in addressing the governance, jobs and political participation challenges arising from the Arab Spring. In sum, the CPS did not filter the potential areas of engagement to maximize impact, instead retaining and expanding the broad scope of For Official Use Only CLR Review 4 Independent Evaluation Group engagement from the previous CPS. The lack of selectivity resulted in advancing partially in some areas (open and inclusive governance, expanded access to basic services, agri-industry and social protection), rather than achieving substantial advances in the most critical priorities. At the PLR stage, the World Bank Group made efforts to further streamline its engagement in Morocco by committing to focus its new operations on jobs, inequalities, and governance, including decentralization. Alignment 4. The CPS was aligned with the World Bank Group’s corporate goals of reducing poverty and boosting shared prosperity in a sustainable manner. The first results area (on growth and inclusion) was directly relevant to the achievement of the twin goals. Objective 5 targeted improving access to and effectiveness of social protection and labor programs especially for the youth. Objective 4 centered on providing skills and opportunities for the young. Objectives 1, 2 and 3 centered on facilitation of economic activity and hence on the generation of opportunities and employment. The focus of Objective 12 on expanded basic services was relevant to the poorest 40 percent of the population. The second and third results areas were relevant to the achievement of the twin goals indirectly through improvements in fiscal transparency, public sector efficiency, and protection of natural resources. The cross-cutting attention to youth and gender was highly relevant to the inclusion agenda. 5. Development Outcome Overview of Achievement by Objective: Focus Area I: Promoting Competitive and Inclusive Growth. 5. Focus Area I had five objectives: (i) enhanced institutional framework for business entry, trade facilitation, entrepreneurship and SME development; (ii) improved access to finance for MSMEs and women; (iii) increased value-added of the agri-food sector; (iv) improved access to and effectiveness of social protection and labor programs, especially for youth; and (v) improved access to and effectiveness of social protection and labor programs, especially for youth. 6. Objective 1. Enhanced institutional framework for business entry, trade facilitation, entrepreneurship and SME development. This objective was supported through the following operations: Second Competitiveness Development Policy Lending (DPL) (FY15) and Economic Competitiveness Support Program (FY13). ASA support included: Trade and Integration—EU (FY14); Tourism Development (FY15); Trade and Competitiveness (FY16); and Country Economic Memorandum (FY16). Objective 1 had three indicators: • Key administrative business procedures simplified and standardized by CNEA 2, from a baseline of 20 to a target of 40. However, no dates were provided for the baseline and target indicators. The CLR reports that, as of July 2017, 52 key administrative procedures were simplified according to information from the CNEA/ Ministry of Modernization and Public Affairs (MMSP). IEG’s ICRR for the Second Competitiveness DPL reports that around 50 administrative business procedures were simplified, following common quality standards, and that more than 700 administrative procedures for general users and enterprises were simplified and were put on the Ministry’s website. Achieved. • Reduction in average transit times for goods at Casablanca port from 10 days (July 2013) to fewer than 7 days (end 2015). IEG’s ICRR for the Second Competitiveness DPL reports that the Portnet system estimates that as of early 2016 the average stay time of a container in the port was 6.12 days 3. Achieved. 2 National Committee for Business Environment 3 Portnet Report, March 2016. Portnet is an information platform where stakeholders of internal trade interact. For Official Use Only CLR Review 5 Independent Evaluation Group • MSMEs receiving capacity building support through the corporate governance support tool (number) (IFC): from 0 to 20. Per available IFC information, 23 MSMEs received capacity building support during the CPS. Achieved 7. Progress was made on enhancing the institutional framework for business entry and trade facilitation. The intended capacity building for MSMEs was delivered, but the indicator does not adequately capture the objective’s intent to enhance the institutional framework for entrepreneurship and SME development. Morocco’s Doing Business Distance from the Frontier index dropped from 35 percent in 2013 to 32 percent in 2017 and 29 percent in 2018. On balance, IEG rates Objective 1 as Mostly Achieved. 8. Objective 2. Improved access to finance for MSMEs and women. This objective was supported through the World Bank’ MSME Development Project (FY12) and several IFC credit lines. ASA work included Financial Capability Survey (FY15) and FSAP (FY16). This objective had three indicators: • Volume of outstanding MSME portfolio of Participating Financial Institutions: from 78,644 MAD million (2012) to 94,372 MAD million (2017). The volume of outstanding MSME loans in the portfolio of participating financial institutions increased from 120.4 billion MAD to 142.0 billion MAD between 2011 and 2017. Achieved. • Microloans outstanding (number) (IFC): from 221,400 (127,286 to women) (2012) to 272,772 (156,820 to women) (2018). IFC’s investment in Fondation Banque Populaire pour le Micro-Credit (MFI) helped increased the number of microloans from 221,400 in 2012 to 703,386 in 2017 with 52 percent women beneficiaries. Moreover, data from IFC’s DOTS indicates that the number of microloans outstanding increased from 893,236 in 2012 to 1.278 million in 2016 based on DOTS data. Achieved. • Number of new small or young enterprises reached: from 1,572 (June 2013) to 3,000 (June 2016). In total, 13,996 small enterprises and startups were reached by 2017. Achieved 9. The World Bank contributed to increase access to finance for MSMEs. Moreover, the 2016 FSAP Update on Financial Inclusion reported improvements in financial inclusion, with Morocco’s financial sector emerging as one of the most developed and inclusive in the Middle East and North Africa (MENA). For instance, the share of small and medium enterprises with a loan or line of credit doubled from 2007 to 2016. IEG rates Objective 2 as Achieved. 10. Objective 3. Increased value-added of the agri-food sector. The objective was supported through the Modernization of Irrigated Agriculture in the Oum Er Rbia Basin Project (FY10) and Zalagh Holding (FY14). Relevant ASA included Programmatic Agriculture Sector Dialogue (FY17). Objective 3 had two indicators: • Area with high value-added crops in Doukkala- Haouz-Tadla (ha) Baseline: 4,873 (2013) Target: 8,966 (2016). The CLR reports that 6,340 ha were under cultivation with high value- added crops. Partially Achieved. • Farmers involved in industrial poultry production, dairy and cattle reached by IFC investments: from 0 (2013) to 4,000 (2016). Data from IFC’s DOTS indicates that 3,900 farmers were reached in 2017. Mostly Achieved. 11. Progress has been made in reaching farmers in industrial poultry production, dairy and cattle, but the targeted increases in the areas with high value-added crops cannot be verified. Furthermore, it is unclear how these project level indicators are contributing to the broad objective of increasing the value-added of the agri-food sector. IEG rates Objective 3 as Partially Achieved. 12. Objective 4. Increased access of youth to skills and vocational training, employment services, micro-entrepreneurship and revenue generation opportunities. This objective was supported through the following operations: Second Skills and Employment DPL (FY15), Strengthening micro-entrepreneurship for disadvantaged youth project (FY13), and the National For Official Use Only CLR Review 6 Independent Evaluation Group Initiative for Human Development 2 project (FY12). Relevant ASA included PER Health and Education (FY14) and Growth Employment and Poverty (FY15). This objective had four indicators: • Rate of internal efficiency of vocational training programs, (%): from 66 percent (2012) to over 68 percent (2015). As of December 2015, the rate of internal efficiency 4of vocational training programs was 70 percent. Achieved. • Youth are trained on management skills and reach jobs or career advancement opportunities: from 0 to 1500 youth trained (30 percent women). Neither the CPS nor the PLR provided baseline and target dates. Data from IFC’s DOTS reports that 1,650 students were reached in 2017, of which 52 percent were women. Achieved. • Youth micro-entrepreneurs who receive post- creation follow-up support for at least 12 months (number), of which female (%) from 0 to 1,800 (40 percent women). Neither the CPS nor PLR provided baseline and target dates. The July 2018 ISR for the Strengthening for Micro-Entrepreneurship for Disadvantaged Youth Group reported that as of February 2018, 2,800 youth micro-entrepreneurs received post-creation follow support, of which 39 percent were women. Mostly Achieved. • Income-generating activities (IGAs) implemented by cooperatives, associations or companies which are viable two years after benefiting from INDH 5financing (%): from 25 percent (2012) to 40 percent (2015). As of December 2015, 75 percent of IGAs implemented by cooperatives, associations or companies were viable two years after benefiting from INDH financing. Achieved. • New enrolments with ANAPEC 6 per year, by gender (number): from 130,000 (2011) to 160,000 (60 percent male, 40 percent female) (2016). As of December 2015, 170,000 new enrolments with ANAPEC, of which 41 percent were women. Achieved. 13. All the indicators for this compound objective were achieved or mostly achieved reflecting varying degrees of contributions to increased access of youth to skills, implementation of income generation activities, entrepreneurship opportunities, and employment placement. The contribution was strong on access to skills but weaker on entrepreneurship and job placement. IEG rates Objective 4 as Mostly Achieved. 14. Objective 5. Improved access to and effectiveness of social protection and labor programs, especially for youth. This objective was supported through the First (FY14) and Second Inclusive Green Growth DPL (FY16) and the Identity and Targeting for Social protection project (FY17). ASA support included Subsidy Reform and Cash Transfer Program (FY16). Objective 5 had two indicators: • Total subsidy envelope to diesel, gasoline and industrial fuel (in % of GDP) from 3 percent (2012) to less than 2.5 percent (2017). These subsidies were removed completely by December 2015. The ICRR for the Inclusive Green Growth reported increased allocation for social cohesion funds 7 (from 0.63 percent in 2013 to 1.63 percent in 2016) as a share of total budget due to savings from removal of subsidies. Achieved. • A social registry including beneficiaries of the two largest social assistance programs (RAMED and TAYSIR) is built. The social registry is not in place. The Ministry of Interior decided to set up a National Population Registry with a unique identifier and biometric 4 Internal Efficiency: percentage of entrants completing the full vocational training cycle. 5 National Initiative for Human Development 6 National Agency for the Promotion of Employment and Skills. 7 Social Cohesion Funds benefit: Tayssir – an education conditional cash transfer program; Ramed – non- contributory health coverage scheme; Poor and Disabled Population Cash Transfer Program; and Cash Transfer Program for Poor Widows. For Official Use Only CLR Review 7 Independent Evaluation Group authentication (in August 2018). Only when this system is in place will it be possible to harmonize eligibility criteria of the RAMED and TAYSIR. Not Achieved. 15. The removal of the diesel, gasoline and industrial fuel subsidies helped streamline the social protection system and increased financing for key social programs, thus contributing indirectly to access. However, the social registry is not in place, although progress is being made in creating the enabling environment for harmonizing the eligibility criteria to access the two largest social assistance programs. Hence, the expected gains from improving the effectiveness of the social protection and labor programs are delayed. The two indicators do not capture the emphasis on youth. IEG rates Objective 5 as Partially Achieved. 16. IEG rates Focus Area I as Moderately Satisfactory. Three objectives were Achieved or Mostly Achieved. The financial inclusion objective was achieved. The business environment has improved, although there is not sufficient evidence that the intended impact on entrepreneurship and SME development materialized. Progress has been made in advancing several skills-related programs. However, efforts at improving the effectiveness of social protection and labor programs, especially for youth, are still being implemented. Available evidence indicates partial progress towards increasing value-added in the agri-food sector. Focus Area II: Building a Green and Resilient Future 17. Focus Area II had three objectives: (i) strengthened management of soil, coastal and water resources; (ii) increased renewable energy generation and enhanced energy efficiency; and, (iii) improved prevention and mitigation mechanisms against natural disasters. 18. Objective 6. Strengthened management of soil, coastal and water resources. This objective was supported through the Social & Integrated Agriculture project (FY13); the Integrated Coastal Zone Management (FY13); and, the Integrating Climate Change in the Implementation of the Plan Maroc Vert project (FY11). ASA support included: Climate Change (FY14), and Cost of Environment Degradation (FY17). Objective 6 had three indicators: • Land area where sustainable land management practices were adopted as a result of Bank programs (ha): from 0 (2013) to 500 (2017). As of December 2017, 180 ha of land was under sustainable management practices. Partially Achieved. • Marine areas brought under biodiversity protection (ha): from 0 (2013) to 20 (2017). As of March 2017, 500 ha of marine areas were rehabilitated and brought under biodiversity protection. Achieved. • Small farmers in the selected Plan Maroc Vert Pillar II projects integrating at least one climate change adaptation (%): from 0 (2011) to 35 percent (2015). According to the ICRR for the Integrating Climate Change Project (approved in FY11), forty three percent of small farmers in the selected Plan Maroc Vert Pillar II had integrated at least one climate change adaptation as of June 2015. Achieved. 19. Marine areas brought under biodiversity protection increased, and more small farmers in selected areas are adapting climate-friendly techniques. Progress in bringing land areas under sustainable practices with World Bank support was less than expected. IEG rates Objective 6 as Mostly Achieved. 20. Objective 7. Increased renewable energy generation and enhanced energy efficiency. This objective was supported through the following operations: Ouarzazate Concentrated Solar Power Plant Project (FY12); The Noor-Ouarzazate Concentrated Solar Power Plant Project (FY15); the First (FY14) and Second Inclusive Green Growth DPL (FY16); and, the ONE support project (FY08) and its additional financing (FY14). IFC invested in a concentrated solar power (CSP) project. Objective 7 had five indicators: • Installed capacity for utility-scale solar energy: from 20 MW (2013) to 180 MW. A target date was not provided. As of May 2015, the target of 180 MW was surpassed with 169 MW For Official Use Only CLR Review 8 Independent Evaluation Group of incremental solar power capacity being built. Since then Morocco has commissioned additional investments in solar power generation, which are under construction, including with World Bank Group support. Achieved. • Installed capacity for distributed renewable energy: from 0 MW (2013) to 10 MW (2017). Construction under the the Noor-Ouarzazate Concentrated Solar Power Plant Project (FY15) has been behind schedule and the target had not been met as of December 2017. Not Achieved. • Total area of new buildings integrating legal EE 8 requirements (in m2): from 0 (2013) to 400,000 (2017). As of September 2017, an area of 3.4 million m2 incorporated energy efficiency requirements. Achieved. • Electric transmission losses South of Chichaoua (%): from 11 percent (2013) to 8.5 percent (2015). As of December 2015, electricity transmission losses in Southern Morocco had been reduced to 6.5 percent. Achieved. • Reduction of unserved energy 9 (MWh): from 832.7 (2007 10) to 400 (2015). As of December 2015, unserved energy was 230 MWh. Achieved. 21. Objective 7 had two components, with well-aligned indicators. The targets on improving energy efficiency were achieved. Likewise, the target for installed capacity for utility scale solar energy was met. Progress towards increasing installed capacity for distributed renewable energy with a new operation is behind schedule. Notably, IEG has rated projects supporting renewable energy as Highly Satisfactory. IEG rates Objective 7 as Mostly Achieved. 22. Objective 8. Improved prevention and mitigation mechanisms against natural disasters. This objective was supported through the Integrated Disaster Risk Management and Resilience Program (FY16). Relevant ASA in support of this objective included: Community-based Disaster Risk Management (FY14); and Risk Prevention and Management (FY14). Objective 8 had two indicators: • Reorientation of Morocco’s risk management practices towards prevention and risk reductions: Baseline: no; Target: The 2017 budget law includes provisions that specifically earmark a share of FLCN (Fond de Lutte contre Les Effets de Catastrophes Naturelles) to prevention and risk reduction. The 2017 Budget Law included provisions that earmark a share of the FLCN for prevention and risk reduction. The CLR reports that 40 projects on prevention and risk reduction have been selected on a competitive basis to be financed with the resources available in the FLCN. Achieved. • Launch of Morocco’s disaster risk insurance and financing program: from no (2015) to yes (2017). As of December 2017, decrees had been prepared to implement the Risk Insurance Law of 2014. The law and the regulations are effective as of January 1, 2019. Achieved. 23. The two indicators contributed to putting in place mechanisms to improve prevention and mitigation against natural disasters. The implementation of these mechanisms is being supported by the World Bank through the PforR Disaster Risk Management and Resilience Program. IEG rates Objective 5 as Achieved. 24. IEG rates Focus Area II as Moderately Satisfactory. The three objectives under Focus Area II have been either Achieved or Mostly Achieved. There has been progress on the green agenda, both in the management of coastal areas and in the use of climate friendly techniques in agriculture. Energy efficiency has been enhanced and renewable generating capacity has been 8 EE: Energy Efficiency 9 Unserved energy: amount of end-customer demand for electricity that cannot be supplied due to deficiencies in generation or interconnection capacity. 10 The most recent historical data provided in the CLR was for 2007. This may be because the indicator is not measured annually. However, IEG is unable to verify. For Official Use Only CLR Review 9 Independent Evaluation Group increased. Institutional mechanisms are in place to improve prevention and mitigation of natural disasters. Implementation of these mechanisms is underway with the support of the World Bank. Effectiveness has not yet been assessed. Focus Area III: Strengthening Governance and Institutions for Improved Service Delivery to All Citizens. 25. Focus Area III had three objectives: (i) enhanced open and inclusive governance; (ii) improved accountability and transparency in the management of public resources; and, (iii) improved capacity to plan, manage and assess the effective delivery of key services, especially at the local level. 26. Objective 9. Enhanced open and inclusive governance. This objective was supported through the Transparency and Accountability DPL1 (FY14) and 2 (FY16); and the National Initiative for Human Development 2 project (FY12). This objective had three indicators: • Open Budget Index (OBI) from the International Budget Partnership (IBP) OBI Score from 38 (2012) to 42 (2015). Information available from the OPI website reports no improvement in the score for Morocco from 2012 to 2015. The PLR indicated that changes in the methodology limited the usefulness of the indicator to track progress in open governance. In addition, the CLR reported that the World Bank discontinued tracking of this indicator in its operations when the methodology changed. Not Achieved. • Open Government partnership’s OGP score on access to information goes from 2 out of 4 (2012) to 4 out of 4 (2016). The OGP went from 2 in 2012 to 3 in 2016. The Access to Information Law was adopted by Parliament, allowing Morocco to join OGP in July 2018. This development would open the door for OGP rescoring in future, but the outcome would only materialize outside this CPS period Partially Achieved. • Women within local governance bodies (CLDH and CPDH 11) (%): Baseline: 20 percent, Target 22 percent. The indicator does not have baseline and target dates. Per the ICR for the National Initiative for Human Development Project 2, the indicator reached 21 percent as of December 2012, thus preceding the CPS. No comparable indicator is available to track progress during the CPS. The CLR reported that the 22 percent target would have to be achieved in the next CPF. Additional information from the Global Gender Gap Report shows marginal improvements in the score of political empowerment, from 0.59 in 2014 to 0.61 in 2018. Not Achieved. 27. There was limited progress with regard to OGP score indicator and no progress on the Open Budget Index nor in including women in local government bodies. Political empowerment of women has improved, but a link to the World Bank program cannot be established. IEG rates Objective 9 as Not Achieved. 28. Objective 10. Improved accountability and transparency in the management of public resources. This objective was supported through the Transparency and Accountability DPL1 (FY14) and 2 (FY16) and PEFA (2016). This objective had two indicators: • Public Expenditure and Financial Accountability (PEFA) assessment and indicators (PI) related to performance information (nº8) improve from D to C in 2016. The 2016 PEFA Report shows improvement in performance information for service delivery (PI-8) as reflected in the score of B, surpassing the target for this indicator. Achieved. • Procuring entities subject to the new procurement rules (number) from 1,571 (2012) to 3,345 (2015). The number of procuring agencies subject to the new procurement rules reached 3,589 in 2016. Achieved. 11 Local Human Development Committees (CLDH) and Provincial Human Development Committees (CPDH). For Official Use Only CLR Review 10 Independent Evaluation Group 29. The two indicators for Objective 10 were achieved. Improved performance information for service delivery and the more extended use of new procurement rules signal gains in accountability and transparency in the management of public resources. Additional information from the 2016 PEFA also indicates substantial improvements in the supporting institutional framework for public expenditure as a result of initiatives undertaken to implement the 2011 constitution, with some World Bank support. IEG rates Objective 10 as Achieved. 30. Objective 11. Improved capacity to plan, manage and assess the effective delivery of key services, especially at the local level. This objective was supported through the Urban Transport (PforR) (FY16); and the Local Government Support Program (FY14). Relevant ASA in support of this objective included: Urban Logistics TA (FY17) and Urbanization Review (FY17). Objective 11 had two indicators: • Cities with over 300,000 inhabitants with multimodal urban transport master plan: from 5 cities (Casablanca, Tangiers, Tetouan, Marrakesh, and Rabat) (2013) to 8 cities (2017). The CLR reports that two additional cities (7 out of 8) have finished their multimodal urban transport master plan and that two mid to large-sized cities (Fès and Kénitra) are in the last stages of urban transport master plan preparation and validation. The January 2019 ISR of the Urban Transport Project reports six multimodal urban master plans had been prepared up from three plans in 2015. Mostly Achieved. • Local Government Support Program (PACT) operational with at least two support centers by 2017. As of November 2017, four local government support centers had been established, heads of the centers had been hired and staffing and training was underway. Achieved. 31. Progress has been made in improving the capacity to plan and manage the delivery of transport and other services at the local level. However, there is no information on the third dimension of the objective (i.e., assessing the effective delivery). IEG rates Objective 11 as Mostly Achieved. 32. Objective 12. Expanded access to basic services. This objective was supported through the Second Rural Roads Project (FY06) and its additional financing 1 (FY10) and 2 (FY14); the Rural Water Supply and Sanitation project (FY05); the Rural Water Supply project (FY14); Regional Potable Water Supply Systems (FY10); and the Morocco Oum Er Rbia Sanitation project (P098459, FY10). ASA support included Government Service Delivery to Citizens (FY14). Objective 12 had three indicators: • National rural road accessibility index: from 77 percent (2013) to 80 percent (2015). As of December 2015, the rural road accessibility index had reached 79 percent where it remained in 2017. Mostly Achieved. • People in rural areas provided with access to improved water sources (number): Baseline: 171,000 (2013) Target: 547,000 (2017). A total of 308,600 people in rural areas were provided with access to improved water sources during the CPS period. Partially Achieved. • People in urban areas provided with access to improved sanitation (number): from 0 (2013) to 200,000 (2017). 136,000 people in urban areas were provided with access to sanitation services as of May 2018. Partially Achieved. 33. Progress has been made in improving rural road accessibility. However, there was limited progress in providing rural areas with improved water sources and urban areas with improved sanitation. IEG rates Objective 12 as Partially Achieved. 34. IEG rates Focus Area III as Moderately Unsatisfactory. The objective to improve the accountability and transparency of public expenditure was achieved and progress was made in improving the capacity of local governments to plan and manage urban transport and services at the local level. However, only partial progress was made in expanding access to basic services (rural roads, rural water and urban sanitation) and no progress was made towards more open and inclusive governance. For Official Use Only CLR Review 11 Independent Evaluation Group Overall Assessment and Rating 35. IEG rates the as achievement of the CPS objectives as Moderately Satisfactory. Of the 12 objectives, three were achieved, five were mostly achieved, three partially achieved, and one not achieved. The objectives on financial inclusion, prevention and mitigation mechanisms against natural disasters, and accountability and transparency in the management of public resources were achieved. Improvements were made regarding the institutional framework for business; skills; energy generation and efficiency; and, land, coastal, and disaster risk management. Partial gains were made in expanding social assistance and access to social services and to increasing the value added in agri-industry. Shortcomings include the limited contribution achieving improved open and inclusive governance. Expected gains in expanding access to water and sanitation have yet to materialize. The fact that only three of the 12 objectives were achieved highlights the need to maintain efforts going forward to deliver fully on the intended agenda. Objectives CLR Rating IEG Rating Focus Area I: Promoting Competitive and Moderately Satisfactory Moderately Satisfactory Inclusive Growth Objective 1: Enhanced institutional framework for business entry, trade facilitation, entrepreneurship Achieved Mostly Achieved and SME development Objective 2: Improved access to finance for MSMEs Achieved Achieved and women Objective 3: Increased value-added of the agri-food Mostly Achieved Partially Achieved sector Objective 4: Increased access of youth to skills and vocational training, employment services, micro- Achieved Mostly Achieved entrepreneurship and revenue generation opportunities Objective 5: Improved access to and effectiveness of Partially Achieved Partially Achieved social protection and labor programs, especially for youth Focus Area II: Building a Green and Resilient Moderately Satisfactory Moderately Satisfactory Future – Moderately Satisfactory Objective 6: Strengthened management of soil, Mostly Achieved Mostly Achieved coastal and water resources Objective 7: Increased renewable energy generation Mostly Achieved Mostly Achieved and enhanced energy efficiency. Objective 8: Improved prevention and mitigation Achieved Achieved mechanisms against natural disasters Focus Area II: Strengthening Governance and Institutions for Improved Service Delivery to All Moderately Satisfactory Moderately Unsatisfactory Citizens Objective 9: Enhanced open and inclusive Partially Achieved Not Achieved governance Objective 10: 2 Improved accountability and Achieved Achieved transparency in the management of public resources Objective 11: Improved capacity to plan, manage and assess the effective delivery of key services, Mostly Achieved Mostly Achieved especially at the local level Objective 12: Expanded access to basic services Partially Achieved Partially Achieved For Official Use Only CLR Review 12 Independent Evaluation Group 6. WORLD BANK GROUP Performance Lending and Investments 36. At the beginning of the CPS period, 15 World Bank operations were under implementation, with commitments of $1.8 billion, of which sixty-five percent went for water, energy, social and urban and agriculture. During the CPS period, 21 operations were approved for a total $3.7 billion of commitments, including nine DPLs for $2.1 billion and three PforRs for $0.5 billion. The bulk of new commitments went to finance, environment, energy, social and governance. The total amount committed during the CPS exceeded the total planned CPS and PLR amounts of $3.515 billion. Two planned operations (irrigation and water) were dropped from the portfolio to consolidate the focus on youth, gender, education, inequality, and employment-generating activities. A total of 23 grants and trust funded projects were under implementation during the CPS period, with commitments amounting to $316.6 million, of which $127.0 million had been approved before FY14. The bulk of the grants ($279.5 million) went to energy and environment and came from the Clean Technology Fund, the Carbon Partnership Facility and Global Environment Facility. 37. During the CPS period, Morocco’s portfolio at exit performed better compared to the average for MENA and World Bank-wide. Of the 14 projects evaluated by IEG, 12 (or 79 percent) were rated MS or higher, compared to the average for MENA (68 percent) and World Bank-wide (74 percent). Weighted by commitment volume, Morocco had an average of 91 percent rated MS or higher, compared to the average for MENA (84 percent) and World Bank-wide (85 percent). All six closed and validated DPL operations were rated MS or above. The remaining eight were IPF operations-- one was rated Highly Satisfactory (solar), four were rated MS and above, two were rated Unsatisfactory (both on water) and one was rated Highly Unsatisfactory (judicial reform). 12 During the CPS period, Morocco’s active portfolio also performed better than average for MENA and Bank- wide. Morocco’s average number of projects-at-risk was 14 percent, compared to the average for MENA (38 percent) and World Bank-wide (24 percent). Morocco’s average commitments at risk was 10 percent compared to the average for MENA of 20 percent and World Bank-wide (22 percent). The World Bank was pro-active in addressing implementation issues through periodic meetings with counterparts (‘deep dives”). These deep dive exercises helped address implementation challenges, such as those deriving from challenging land acquisition process (land titling, compensation payment procedures) in water and irrigation projects. 38. During the CPS period, IFC made net commitments of $196 million in long-term loans and equity investments mainly in the financial sector (about 70 percent of total), with the remainder in agribusiness and forestry, tourism, retail, and construction, and energy. The bulk of new commitments took place early in the CPS period. There were no outstanding commitments under the short-term trade finance guarantee at the end of the CPS period. Investments in the financial sector focused on micro and small and medium enterprises (MSMEs) and included an investment in a green bond issued by the one of the local banks to support environmental lending. The investment in agribusiness is the first in the sector. The energy investment was a solar project. 39. During the review period, IEG validated one IFC Expanded Project Supervision Report (XPSR) for an IFC investment in a microfinance institution (MFI.) IEG rated the IFC project Mostly Unsuccessful for Development Outcome due to underutilization of IFC’s partial credit guarantee, lower than expected mobilization of resources by the client, and no observable private sector development effects. 40. MIGA did not underwrite any risk guarantees during the review period. Analytic and Advisory Activities and Services (ASA) 41. During the CPS period, 37 pieces of ASA were delivered, of which 13 corresponded to Economic and Sector Work (ESW) and 24 to Technical Assistance (TA). ASA work was well aligned 12 One PforR operation (National Human Development Initiative II) closed in FY 16; however, the validation by IEG has not been completed. For Official Use Only CLR Review 13 Independent Evaluation Group with most objectives. The CPS, PLR and CLR made connection between the ASA and the objectives as reflected in the results framework. However, the link between ASA and objectives was weak in agro-industry, and open government. ASA work informed the policy dialogue in DPLs and PforRs and the forthcoming CPF. The core ESW (Country Economic Memorandum, PEFA, FSAP, PER on health and education) is publicly available, including in the World Bank Repository. The ASA began to move to multi-year programing with the Programmatic Agriculture Sector Dialogue (FY17). 42. During the CPS period, IFC did not approve any Advisory Service (AS) project. There was one active AS project approved in the previous CPS period which supported a desalination and irrigation PPP. The project was completed, and the Project Completion Reports (PCR) rated Development Effectiveness as Unsatisfactory due to lack of follow-up action by the Government. IEG did not validate any PCRs during the review period. Results Framework 43. The quality of the results framework was uneven. Overall, the CPS objectives supported the achievement of critical priorities of the government and focused on relevant constraints as per the knowledge available at the time. Several objectives (2, 6 and 10) were well defined, others were compound objectives that incorporated several distinct dimensions and required multiple indicators to track delivery. Such was the case with objective 1 (business entry, trade facilitation, entrepreneurship and SME development), and objective 4 (skills, vocational training, employment services, micro- entrepreneurship and revenue generation). Other objectives such as Objective 3 (value added of the agri-food sector) did match well with selected indicators. The compound objectives and the breadth of objectives weakened the links in the results chain. For instance, it is unclear how the Bank Group has been contributing to expand agri-industry beyond the World Bank Group interventions. Support entrepreneurship appears under two objectives, but the engagements are marginal. It is unclear how well the selected indicators captured the substantive engagement to improve governance through DPLs. Some indicators had no baseline and target dates. Overall, there were five indicators that did not have baseline and target dates (Objective 1: indicators 1 and 3; Objective 4: indicator 2; Objective 5: indicator 2; and, Objective 9: indicator 3). Objective 7 indicator 1 had a baseline date, but no target date. Partnerships and Development Partner Coordination 44. The World Bank Group contributed to the strengthening of formal Development Partner coordination in Morocco with special attention the functioning of the Donor Group. The main development partners were the European Union (governance), African Development Bank (public expenditure) and Agence Francaise de Development (jobs.) There was close coordination with the IMF critical to underpin the DPL operations, as pointed by the CLR. The March 2018 IMF Article IV summarizes the World Bank Group agenda relevant to the IMF and notes joint work in the preparation of the FSAP Update and the Public Investment Assessment (PIMA). The IMF Article IV noted requests for Bank inputs on labor markets, education and decentralization. IFM contribution in the preparation of the World Bank Group Systematic Country Diagnostic is noted. An IMF Precautionary and Liquidity Line (PLL) instrument was in place during the CPS period. The CLR did not report on specific Bank Group contributions to the IMF Precautionary and Liquidity Line (PLL). In addition, the CPS clean energy and carbon reduction agenda received resources from the Clean Technology Fund, and the Carbon Fund. Safeguards and Fiduciary Issues 45. During the CPS period, IEG validated 14 projects, of which six triggered environmental and social safeguards in the transport, energy, agriculture and water practices. The CLR reports various challenges that have affected the portfolio throughout the CPS period, mainly on the compliance with land acquisition requirements. The ICRs and the ICRRs confirmed the CLR assessment and highlighted the existing gaps between the Bank procedures and national regulations on compensation and entitlement as one of the main causes of implementation weakness. Additional challenges included inadequate implementation support to the implementing agencies, Bank staff turnover and low rates of paid compensation for project staff. Bank intervention and teams’ For Official Use Only CLR Review 14 Independent Evaluation Group cooperation at regional, country and GP levels, in addition to the extension of project closure dates, were reported to have played an important role in resolving land acquisition issues. In the other sectors, the ICRRs and the ICRs indicate generally satisfactory compliance with safeguards. No Inspection Panel case was reported during the CPS implementation period. 46. On fiduciary issues, the Integrity Vice Presidency (INT), received two complaints. These were found to be without merit and were not investigated further. One case regarding small purchases in the implementation of a Grant Agreement with the Kingdom of Morocco to strengthen micro- entrepreneurship of disadvantaged youth was substantiated. The implicated companies have been included in the Company Risk Profile Database (CRPD). Given the small amounts, the impact on the grant and the CPS was negligible. Ownership and Flexibility 47. Government ownership of the CPS program was high. This was reflected in its 2012-16 program and several reforms enacted under the nine DPLs. The Government followed on its commitment to advancing the reforms mandated by the new constitution. During CPS implementation, the Bank significantly increased its lending commitments to Morocco in support of the government’s agenda. However, an ambitious reform agenda created a legislative bottleneck that affected delivery of prior actions under the various DPLs. The Bank gradually adjusted the program design in line with a more realistic legislative outlook. At the PLR stage, the World Bank Group started to address selectivity concerns by further streamlining its engagement in Morocco and committing to focus its new operations on jobs, inequalities, and governance, including decentralization. Internal World Bank Group Coordination 48. The CPS had envisaged increased World Bank Group engagement in Morocco, including from the IFC and MIGA. The IFC was to help restore investor confidence and provide countercyclical finance to existing and new clients in a broader range of sectors and including Public Private Partnerships (PPP) in infrastructure. MIGA also foresaw an expanding agenda. However, the CPS did not articulate a strategy for coordinating across the World Bank Group. The PLR noted that lack of opportunities prevented the IFC from scaling-up engagement during the second half of the CPS. The IFC engaged primarily in the financial sector, where it contributed to innovation in green financing, while giving attention to gender. The IFC contributed, to a much lesser extent, to renewable energy, skills formation and agriculture. However, there is no indication of internal coordination across the World Bank Group to jointly mobilize private resources, as was originally intended, for instance, through the PPP. Risk Identification and Mitigation 49. The CPS identified political, program coordination, and implementation risks. The PLR rated overall risks as Moderate, with substantial ratings for technical design and environment and social risks, and low or moderate risks in other areas (e.g. macroeconomic, governance). The political and governance and the fiduciary risks were considered moderate. However, political risks could have been given more attention as they were critical to advancing the reform agenda that underpinned DPLs and a multi-sector approach in the CPS. The PLR indicated that the legislative agenda became crowded affecting timely compliance with DPL triggers. The CLR highlights, among its lessons, the need to take the political economy better into account; however, the challenging political economy was not adequately flagged as a substantial risk in the PLR. Technical design was made more challenging by the move to PforRs. Environment and social safeguards affected implementation of projects that relied on land acquisition. The Bank engaged in a timely and effective manner by working with the counterpart agencies to find and implement solutions. The approach worked well in addressing the implementation issues, but in some cases made it necessary to extend the closing date of several projects. For Official Use Only CLR Review 15 Independent Evaluation Group Overall Assessment and Rating 50. On balance, the World Bank Group performance is rated as Good. Design 51. The design of the CPS was relevant and well aligned with government priorities, especially its ambitious efforts at institutional reform, and reflected well the available diagnostic work. The CPS envisaged strong financial and ASA support to achieve the proposed objectives and considered explicitly the link of the program with the twin goals. However, the program was not sufficiently selective. The quality of the results framework was uneven, complicated by several compound objectives and overly broad objectives. Most of the indicators were measurable although in some cases the targets were set early in the CPS period or could not be verified. Overall, five indicators did not have baselines and target dates. Overall, the risks were well identified although political economy risks were underestimated. Implementation 52. The Bank increased financial commitments substantially, as intended. ASA provided a foundation for financing operations and support to the policy dialogue with the authorities. Bank portfolio both active and at exit performed better than the average for MENA and Bank-wide. The Bank worked with the counterparts to address implementation difficulties and resolved safeguard and fiduciary issues. The program relied on a limited and effective partnerships, most notably for the work on the environment and the macroeconomic stability critical to a DPL intensive agenda. The PLR revised the results framework; however, it did not improve selectivity. Coordination across the Word Bank Group was limited and did not meet initial expectations. 7. Assessment of CLR Completion Report 53. The CLR was concise, clear and well written. Reporting on indicators was comprehensive, although in a few cases it was not possible to identify data sources. More attention should have been given to selectivity of objectives, specifically on the use of compound and broad objectives and the design of the results framework. A more substantive discussion of why it was difficult to scale up IFC engagement and bring in private investment would have helped understand why CPS implementation fell short of aspirations. 8. Findings and Lessons 54. The CLR provided the following lessons, with which IEG concurs: (i) use results framework as a tool for setting strategic direction and monitoring accountability; (ii) reflect political reality in program design, using a governance filter; (iii) strengthen ASA using a multi-year approach rather than standalone activities; (iv) use a land acquisition filter early on to prevent delays; (v) deepen and scale up citizen engagement; and (v) use South-South to acquire and transmit knowledge. 55. IEG adds the following: • In formulating the objectives of a country partnership, the World Bank Group should strike a balance between supporting the implementation of a government’s broad and ambitious reform agenda and applying selectivity, alignment with the Bank Group’s comparative advantage and realism. The Bank Group sought to support the implementation of the government’s broad and ambitious reform agenda, leading to a less than selective CPS program and reflected in compound and broad objectives that were unlikely to be fully achieved, notwithstanding scaled up Bank commitments and interventions. In articulating its future program in Morocco, the Bank Group may want to ensure that a robust selectivity process guides the identification of objectives and indicators are well aligned with the supporting Bank Group interventions. For Official Use Only CLR Review 16 Independent Evaluation Group • Given the importance of the private sector’s role in generating economic growth, the Bank Group’s commitment to support growth requires a clearer strategy for working together across the institution and for enhancing the synergies between the World Bank, IFC and MIGA. In the case of Morocco, the CPS envisaged scaling up Bank Group engagement, including through an expanded role for IFC and MIGA. Notwithstanding IFC’s engagement in the financial sector and its contribution to green financing, there is no indication that IFC had close collaboration with the Bank to advance a common agenda. In the end, the envisaged scaled up of IFC engagement in Morocco did not materialize. Going forward, closer collaboration across the World Bank, IFC and MIGA, could be achieved by articulating a joint work program at the outset of a Bank Group strategy and establishing appropriate arrangements to work together. Annexes CLR Review 17 Independent Evaluation Group Annex Table 1: Summary of Achievements of CPS Objectives – Morocco Annex Table 2: Planned and Actual Lending for Morocco, FY14-FY17 ($, millions) Annex Table 3: Advisory Services and Analytics Work for Morocco, FY14-FY17 Annex Table 4: Morocco Grants and Trust Funds Active in FY14-FY17 ($, millions) Annex Table 5: IEG Project Ratings for Morocco, FY14-FY17 ($, millions) Annex Table 6: IEG Project Ratings for Morocco and Comparators, FY14-FY17 Annex Table 7: Portfolio Status for Morocco and Comparators, FY14-FY17 Annex Table 8: Disbursement Ratio for Morocco, FY14-FY17 Annex Table 9: Net Disbursements and Charges for Morocco, FY14-FY17 ($, millions) Annex Table 10: Total Net Disbursements of Official Development Assistance for Morocco ($, millions) Annex Table 11: Economic and Social Indicators for Morocco Annex Table 12: List of IFC Investments in Morocco ($, millions) Annex Table 13: List of IFC Advisory Services in Morocco ($, millions) Annex Table 14: IFC net commitment activity in Morocco, FY14 - FY17 ($, millions) Annex Table 15: List of MIGA Projects Active in Morocco, 2014-2017 ($, millions) Annexes CLR Review 19 Independent Evaluation Group Annex Table 1: Summary of Achievements of CPS Objectives – Morocco CPS FY14-FY17: Focus Area I: Resilience to Risks and Actual Results IEG Comments Volatility 1. CPS Objective: Enhanced institutional framework for business entry, trade facilitation, and Entrepreneurship and SME Development Indicator 1: Key administrative This objective was supported by the At PLR, Focus Area 1’s business procedures simplified Second Competitiveness Development name was changed from: and standardized by CNEA Policy Lending (DPL) (P128869, FY15). “Promoting Competitive and (number): Inclusive Growth” Baseline: 20 The CLR reports that, as of July 2017, Target: 40 52 key administrative procedures were The World Bank Group also simplified according to information from supported the preparation of the CNEA/ Ministry of Modernization Morocco 2040, a Country and Public Affairs (MMSP). This Economic Memorandum – document could not be consulted by CEM (P147795, FY16), IEG. IEG ICRR: MS reports that the which reports that many simplification of procedures was applied reforms were made by the to around 50 procedures, following Moroccan government to common quality standards. improve business climate. As reported in Doing IEG ICRR: MS also reports that more Business, Morocco’s ranking than 700 administrative procedures for improved from 87th /189 to general users and enterprises were 68th /190 between 2014 (see simplified and were put on the Ministry’s report) and 2017 (see report). website. Achieved Major Outcome Indicator 2: Reduction in The objective was supported by the At PLR, the indicator was Measures average transit times for goods Second Competitiveness DPL changed from the original at Casablanca port: (P128869, FY15). indicator: “Regular production Baseline: 10 days (July 2013) and communication of Target: Fewer than 7 days (end As indicated in the CLR, IEG ICRR: MS performance and monitoring 2015) reports that, according to the most indicators from PORTNET, Source: Statistics issued by recent data communicated by Portnet including indicators of transit Portnet system estimate, the average stay time of a time: container in Casablanca port was 6.12 Baseline: No days (early 2016). Target: Yes” Achieved IEG ICRR: MS also reports a reduction of administrative burden and increased transparency for importers and exporters at port of entry thanks to the implementation of the information system PORTNET, a platform in which stakeholders of the international trade interact. Indicator 3: MSMEs receiving The CLR reports that IFC Advisory The MSME Technical capacity building support services (AS) supported Investment Assistance (TA) Facility in Climate reforms and that 25 MSMEs Morocco supported capacity- received capacity building support building activities in Morocco Annexes CLR Review 20 Independent Evaluation Group CPS FY14-FY17: Focus Area I: Resilience to Risks and Actual Results IEG Comments Volatility through the corporate through workshops with the Centre des such as, as reported in the governance support tool Jeunes Dirigeants (Young CLR, the delivery of the (number) (IFC): Entrepreneurs Association) and the training program of the Baseline: 0 CGEM (private sector confederation) Moroccan Institute of Target: 20 were delivered and that IFC also helped Directors and, using global facilitate $35 million in trade finance tools, an auto-assessment of through its Global Trade Finance the Caisse Central de Program (GTFP) with Moroccan banks. Garantie (CCG) (see the Activity Completion The available IFC documents show that Summary of the MSME 23 MSMEs received capacity building Development Facility, support. P132884, FY17). Achieved 2. CPS Objective: Improved access to finance for MSMEs and women Indicator 1: Volume of The MSME Development Project At PLR, the name of the 2nd outstanding MSME portfolio of (P129326, FY12) supported this CPS objective was changed Participating Financial objective. from: “Improve access to Institutions: finance with a particular Baseline: 78,644 MAD million IEG ICRR: S reports that the volume of focus on low income (2012) outstanding MSME loans in the portfolio households, micro, small and Target: 94,372 MAD million of participating financial institutions young firms, and youth and (2017) increased from 120.4 billion to 142 billion women” between 2011 and 2017. Achieved As reported in the CLR: “the CPS baseline of 78,644 MAD million was much lower than revised baseline number of 129,387 million which was reported by the Central Bank during preparation of the CLR”. Indicator 2: Microloans The CLR reports that IFC’s investment outstanding (number) (IFC): ($20 million) in Fondation Banque Baseline: 221,400 (127,286 to Populaire pour le Micro-Crédit (BPMC), women) (2012) the second largest microfinance Target: 272,772 (156,820 to institution (MFI), helped increase the women) (2018) number of microloans from 221,400 in 2012 to 703,386 (of which approximately 50% of the beneficiaries are women) as of the first quarter of 2017. Based on the project’s DOTS data, which do not report on women borrowers, the number of microloans outstanding increased from 893,236 to 1.378 million between 2012 and 2016. Achieved Annexes CLR Review 21 Independent Evaluation Group CPS FY14-FY17: Focus Area I: Resilience to Risks and Actual Results IEG Comments Volatility Indicator 3: Number of new The MSME Development Project The CLR reports that the small or young enterprises (P129326, FY12) supported this number of MSMEs loans to reached: objective. start-ups and VSE firms Baseline: 1,572 (June 2013) reached was 13,786 as of Target: 3,000 (June 2016) IEG ICRR: S reports that the numbers of 2016. loans to SME startups and very small enterprise (VSE) covered by guarantees At PLR, a 4th initial indicator increased from, respectively, 124 to was taken out: “Finance 1,037 and from 429 to 12,959. In total, professionals required to 13,996 VSE and startups were reached register under Law 42-13 by 2017. certified by AMMC in trading, Achieved compliance, asset management, and financial analysis (%): Baseline: no certification (2013) Target: 50% (2016)” 3. CPS Objective: Increased value-added of the agri-food sector Indicator 1: Area with high The objective was supported by the At PLR, the name of the 3rd value-added crops in Doukkala- Modernization of Irrigated Agriculture in CPS objective was changed Haouz-Tadla (ha) the Oum Er Rbia Basin Project from: “Increase the Baseline: 4,873 (2013) (P093719, FY10). productivity and value-added Target: 8,966 (2016) of the agri-food sector” and IEG ICRR: MS reports that, in Tadla, the following indicator was there was a 100% in area under high- dropped: “New value added crops for vegetables and agribusinesses created 788% for area under fodder but no based on partnerships increase for area under tree crops; and projects with farmers in large that in Doukkala, there was a 2,566% scale irrigation: increase in land area under vegetables Baseline: 0 (2013) while there was an increase from 0 to Target: 20 (2016)” 520 hectares for the area under fodder. The ICRR does not provide detailed Two following indicators information on the number of hectares were taken out at PLR: (see IEG comment). “” Integrated Rural Development Programs While the CLR reports that area with implemented in selected high value-added crops in Doukkala- regions: Haouz-Tadla is currently 6,340 ha (71% Baseline: 0 - Target: 3” and of the target). IEG validated the “Ecotourism Sector Jobs methodology provided by the region created over the period provided IEG to calculate the net 2013-2017, gender increase in hectares under cultivation disaggregated: with high value-added crops Baseline: 0 - Target: 1,000” (vegetables, fodder corn and olive trees.) Management ICR: MS Partially Achieved reports that: ”as the PAD presents baselines and targets by ORMVA (cumulated across sectors), comparison between target Annexes CLR Review 22 Independent Evaluation Group CPS FY14-FY17: Focus Area I: Resilience to Risks and Actual Results IEG Comments Volatility and outcome is done in terms of percentage increase, rather than absolute numbers”. Indicator 2: Farmers involved in IFC supported investments in the Zalagh At PLR, the target was industrial poultry production, Holding (project 32390, FY14), a poultry increased from the initial dairy and cattle reached by IFC producer. target of 3,000 (2017). investments: The CLR reports that 4,100 farmers Baseline: 0 (2013) reached, and 22,864 MT volume of Target: 4,000 (2016) poultry produced as of 2016 through IFC investment in Zalagh Holding. The Client Supervision Report of November 2018 does not report on this indicator but it mentions that DOTS for 2016 is MS and MU for 2017. DOTS consulted by IEG indicate that 3,900 farmers were reached in 2017. Mostly Achieved 4. CPS Objective: Increased access of youth to skills and vocational training, employment services, micro-entrepreneurship and revenue-generation opportunities. Indicator 1: Rate of internal The objective was supported by the At PLR, this indicator was efficiency of vocational training Second Skills and Employment DPL modified from the original programs, (%): (P144185, FY15). indicator: Baseline: 66% (2012) IEG ICRR: MS reports that the rate of “Internal efficiency of Target: >68% (2015) internal efficiency of vocational training vocational training programs, programs was 70% as of December covered by a programmatic 2015. contract (broken down by Achieved. gender): Baseline: >75% (2010) Target: >90% from 2013 onwards” As reported in the CLR, the roadmap for the national commission for the National Qualification Framework was approved and operationalized by the Ministry of Education by 2016 (see Ministry’s presentation) and the National Agency for Higher Education and Scientific Research Evaluation was established (see ANEAQ website). Indicator 2: Youth are trained The CLR reports that 1,971 students At PLR, the name of the on management skills and reach reached in 2017 through IFC investment original CPS objective was in the Institute of Higher Management changed from: “Better match Annexes CLR Review 23 Independent Evaluation Group CPS FY14-FY17: Focus Area I: Resilience to Risks and Actual Results IEG Comments Volatility jobs or career advancement Studies HEM (project 32773, FY13). No skills developed through opportunities: supervision report presenting this data higher education or Baseline: 0 was found in IFC systems. However, vocational training with the Target: 1500 youth trained (30% information from DOTS indicates that needs of the job market”. women) 1,658 students were reached in 2017, of which 52 percent were women. Achieved Indicator 3: Youth micro- This objective was supported by the No earlier data is available in entrepreneurs who receive post- Strengthening micro-entrepreneurship World Bank Group project creation follow-up support for at for disadvantaged youth project documents. least 12 months (number), of (P144134, FY13). The July 2018 ISR: which female (%): MS reports that, as of February 2018, Baseline: 0 2,813 youth micro-entrepreneurs Target: 1,800 (40% women) received post- creation follow-up support for at least 12 months, of which 38.60% were women. Mostly Achieved Indicator 4: Income-generating The National Initiative for Human activities (IGAs) implemented by Development 2 project (P116201, FY12) cooperatives, associations or supported this objective. companies which are viable two Management ICR: S reports that 75% of years after benefiting from INDH IGAs implemented by cooperatives, financing (%): associations or companies were viable Baseline: 25% (2012) two years after benefiting from INDH Target: 40% (2015) financing as of December 2015. Achieved Indicator 5: New enrolments The objective was supported by the with ANAPEC per year, by Second Skills and Employment DPL gender (number): (P144185, FY15). Baseline: 130,000 (2011) IEG ICRR: MS reports 186,000 new Target: 160,000 (60% male, enrolments with ANAPEC, including 40% female) (2016) 37,000 non-graduates, as of December 2015. The December 2015 ISR: MS specifies that 41% were women. Achieved 5. CPS Objective: Increased access of youth to skills and vocational training, employment services, micro-entrepreneurship and revenue-generation opportunities. Indicator 1: Total subsidy The First (P127956, FY14) and Second At PLR, this CPS objective’s envelope to diesel, gasoline and Inclusive Green Growth DPL (P149747, name was changed from: “” industrial fuel (in % of GDP): FY16) supported this objective. Improve access to and Baseline: 3% (2012) effectiveness of social Target: <2.5% (2017) IEG ICRR: MS reports that total subsidy protection programs, envelope to diesel, gasoline, and especially for youth” and the industrial fuel (in % of GDP) was following indictor was taken reduced to 0 (as of 2016) as these out: “New enrolments with ANAPEC per year by gender: Annexes CLR Review 24 Independent Evaluation Group CPS FY14-FY17: Focus Area I: Resilience to Risks and Actual Results IEG Comments Volatility subsidies were removed completely by Baseline: 130,000 (2011) December 2015. Target: 160,00 (60% male, Achieved 40% female) (2016)” Indicator 2: A social registry The Identity and Targeting for Social The ISR: S also reports that including beneficiaries of the protection project (P155198, FY17) the Ministry of Interior two largest social assistance supported this indicator. decided to set up a National programs (RAMED and The November 2018 ISR: S reported no Population Registry with a TAYSIR) is built: progress in relation to the share of unique identifier and Baseline: No RAMED and TAYSIR beneficiaries biometric authentication (in Target: Yes registered in the social registry (see IEG August 2018). Once in place, comment). the system should permit to Not Achieved. harmonize eligibility criteria of the RAMED and TAYSIR. CPS FY14-FY17: Focus Area II: Building a Green and Resilient Actual Results IEG Comments Future 6. CPS Objective: Strengthened management of soil, coastal and water resources Indicator 1: Land area where The Social & Integrated Agriculture The August 2018 ISR: MS sustainable land management project (P129774, FY13) supported this and the December 2018 practices were adopted as a objective. The February 2018 ISR: MS ISR: S report the same value result of Bank program (ha): reports that 180 ha of land area was as of August and December Baseline: 0 (2013) under sustainable land management 2018. Target: 500 (2017) practices in December 2017. Partially Achieved Indicator 2: Marine areas The Integrated Coastal Zone At PLR, the following brought under biodiversity Management (P121271, indicator was taken out: protection (ha): FY13) supported this indicator. IEG Reduction in pollution (as Baseline: 0 (2013) ICRR: MS reports that 500 ha were measures by tons of BOD Target: 20 (2017) rehabilitated as of March 2017. abated yearly): Achieved Baseline: 0 (2013) Major Target 1,830 (2017)”” Outcome Indicator 3: Small farmers in the The Integrating Climate Change in the IEG ICR: MS does not report Measures selected Plan Maroc Vert Pillar II Implementation of the Plan Maroc Vert on this data. projects integrating at least one project (P117081, FY11) supported this climate change adaptation (%): indicator. Baseline: 0 (2011) According to the ICRR for the Target: 35% (2015) Integrating Climate Change Project, forty three percent of small farmers in the selected Plan Maroc Vert Pillar II were integrating at least one climate change adaptation as of June 2015. Achieved 7. CPS Objective: Increased renewable energy generation and enhanced energy efficiency Indicator 1: Installed capacity The Ouarzazate Concentrated Solar At PLR, the target was for utility-scale solar energy: Power Plant Project (P122208, FY12) changed from the original Baseline: 20 MW (2013) supported this indicator. As reported in target: (i) 180 MW installed Target: 180 MW installed IEG ICRR: HS, a 160MW solar power and (ii) 375 NW under Annexes CLR Review 25 Independent Evaluation Group CPS FY14-FY17: Focus Area II: Building a Green and Resilient Actual Results IEG Comments Future generation facility was constructed as of development (having achieved May 2015. financial close) (2017) Achieved The IFC also supported an investment in a concentrated solar power project. Indicator 2: Installed capacity The Noor-Ouarzazate Concentrated Indicator added at PLR. for distributed renewable energy: Solar Power Plant Project (P131256, Baseline: 0 MW (2013) FY15) supported this indicator. Target: 10 MW (2017) The May 2018 ISR: S does not report progress in relation to the construction of the generation capacity of renewable energy as of December 2017. Not Achieved Indicator 3: Total area of new The First (P127956, FY14) and Second At PLR this indictor was buildings integrating legal EE Inclusive Green Growth DPL (P149747, changed from the original: requirements (in m2): FY16) supported this objective. ”New buildings (hospitals, Baseline: 0 (2013) IEG ICRR: MS reports that, as of residential, tertiary) Target: 400,000 (2017) September 2017, 3,403,165 m2 of new integrating legal EE building integrated energy efficiency requirements: Baseline: 0% requirements. (2013) Achieved Target: 50% (2017)” Indicator 4: Electric The ONE support project (P104265, ONE: Office National de transmission losses South of FY08) and its additional financing l’Electricité Chichaoua (%): (P145649, FY14) supported this Baseline: 11% (2013) objective. Target: 8.50 % (2015) IEG ICRR: MS indicates that electricity transmission losses in Southern Morocco (south of Chcihaoua) were 6.5% as of December 2015. Achieved Indicator 5: Reduction of The ONE support project (P104265, unserved energy (MWh): FY08) and its additional financing Baseline: 832.7 (2007) (P145649, FY14) supported this Target: 400 (2015) objective. IEG ICRR: MS indicates that the reduction of unserved energy achieved was 230 MWh as of December 2015. Achieved 8. CPS Objective: Improved prevention and mitigation mechanisms against natural disasters Indicator 1: Reorientation of The Integrated Disaster Risk These two indicators were Morocco’s risk management Management and Resilience Program added at PLR; the CPS had practices towards prevention (P144539, FY16) supported this reported that indicators were and risk reductions: indicator. to be determined at PLR Baseline: no (2015) As reported in the February 2018 ISR: stage. Target: 2017 budget law S, the 2017 Budget Law includes includes provisions that provisions that specifically earmark a FLCN: Fonds de Lutte contre specifically earmark a share of share of FLCN to prevention and risk les Effets des Catastrophes reduction. Naturelles Annexes CLR Review 26 Independent Evaluation Group CPS FY14-FY17: Focus Area II: Building a Green and Resilient Actual Results IEG Comments Future FLCN to prevention and risk Achieved reduction Indicator 2: Launch of The Integrated Disaster Risk Law No. 110-14 was Morocco’s disaster risk Management and Resilience Program approved by the parliament insurance and financing (P144539, FY16) supported this in August 2016 and program: indicator. As reported in the May 2016 promulgated in October Baseline: no (2015) Technical Assessment Report, the 2016 (see Decree). Target: yes (2017) Catastrophic Risk Insurance Law (Law No. 110-14) was developed based on input provided by the World Bank Group. As reported in the February 2018 ISR: S, implementation decrees have been drafted to prepare the implementation of the Law. Achieved CPS FY14-FY17: Focus Area III: Strengthening Governance and Actual Results IEG Comments Institutions for Improved Service Delivery to All Citizens 9. CPS Objective: Enhanced open and inclusive governance Indicator 1: Open Budget Index The Transparency and Accountability Before the PLR, this (OBI) from the International DPL1 (P130903, FY14) and 2 objective’s name was: Budget Partnership (IBP) (P154041, FY16) supported this “Support a more open and Baseline: OBI Score 38 (2012) indicator. inclusive governance Target: OBI Score 42 (2015) As reported in Management ICR: MS, framework through effective OBI from the IBP was dropped as the rights for citizen to access indicator was not calculated for the information and petition program. government” Not Achieved As reported in the PLR, the OBI assessment Major methodology has Outcome substantially changed in Measures 2015, affecting the score and its comparison with the 2012 assessment. Indicator 2: Open Government The Transparency and Accountability As indicated in Management partnership’s OGP score on DPL1 (P130903, FY14) and 2 ICR: MS, the ATI Law 31-13 access to information: (P154041, FY16) supported this was only adopted in Baseline: OGP 2 out of 4 (2012) indicator. February 2018 by the Target: OGP 4 out of 4 (2016) As reported in IEG ICRR: MS, the Parliament, which should Open Government partnership’s OGP eventually make Morocco score on access to information eligible for OGP rescoring. increased from 2 to 3 between 2012 But this has yet to happen. and 2016 (see IEG comment). Partially Achieved Annexes CLR Review 27 Independent Evaluation Group CPS FY14-FY17: Focus Area III: Strengthening Governance and Actual Results IEG Comments Institutions for Improved Service Delivery to All Citizens Indicator 3: Women within local The National Initiative for Human The rate of youth in local governance bodies (CLDH Development 2 project (P116201, governance bodies CLDH & CPDH) (%): FY12) supported this objective. and CPDH reached 17% as Baseline: 20% The indicator does not have baseline of December 2012 (see Target: 22% and target dates. Management ICR: S Management ICR: S reports that the share of women in reports). More recent data local governance bodies reached 21% from an USAID report as of December 2012, thus preceding indicates that women the CPS. No comparable indicator is represented 38% of available to track progress during the communal councilors; 4% of CPS period. The CLR reported that the provincial and prefectural 22 percent target would be achieved in councilors and 21% of the next CPF. Additional information regional councilors as of from the Global Gender Gap Report 2015. shows marginal improvements in the score of political empowerment, from .59 in 2014 to .61 in 2018. Not Achieved 10. CPS Objective: Improved accountability and transparency in the management of public resources Indicator 1: PEFA assessment The Transparency and Accountability Before the PLR, this and indicators (PI) related DPL1 (P130903, FY14) and 2 objective’s name was: to performance information (nº8): (P154041), FY16) supported this “Enable a more transparent Baseline: D in 2012 indicator. and accountable Target: C in 2016 As indicated in IEG ICRR: MS, management of public Source: PEFA Diagnostic Morocco scored a B on indicator PI-8 resources through budget of PEFA in 2016 (see PEFA report). and procurement reforms” Achieved and Indictor 1 was: “PEFA indicators related to budget transparency, policy based budgeting and external scrutiny: Baseline: 2009 PEFA assessment, indicator 6 scored B; 12 scored C; 26 scored D and 27 scored B Target: increase by one notch PEFA scores (indicators 6, 12, 26 and 27) (2015) The World Bank Group also supported the preparation of the Public Expenditure and Financial Accountability diagnostic in 2016 (project P151991). Indicator 2: Procuring entities The Transparency and Accountability As indicated in IEG ICRR: subject to the new DPL1 (P130903, FY14) and 2 MS and in the CLR, the Annexes CLR Review 28 Independent Evaluation Group CPS FY14-FY17: Focus Area III: Strengthening Governance and Actual Results IEG Comments Institutions for Improved Service Delivery to All Citizens procurement rules (number) (P154041), FY16) supported this Public Procurement Decree Baseline: 1,571 (2012) indicator. No. 2-12-349 was issued in Target: 3,345 (2015) According to IEG ICRR: MS, the 2013 and, as of January number of procuring entities subject to 2018, the public the new procurement rules reached procurement regulatory body 3,589 in 2016. (CNCP) was operational Achieved (see page). 11. CPS Objective: Improved capacity to plan, manage and assess the effective delivery of key services, especially at the local level Indicator 1: Cities with over The Urban Transport (PforR) The information reported in 300,000 inhabitants with (P149653, FY16) supported this the ISR is different from what multimodal urban transport master indicator. the CLR reports (that two plan: The April 2018 ISR: S reports that 6 additional cities (7 out of 8) Baseline: 5 cities (Casablanca, urban mobility masterplans have been have finished their Tangiers, Tetouan, Marrakesh, prepared as of March 2018 – 3 were multimodal urban transport and Rabat) (2013) finalized and 3 were being finalized master plan and that two Target: 8 cities (2017) (Fès, OSafi and Kénitra). The January other mid-sized to large 2019 ISR: MS also reports that 6 urban cities (Fès and Kénitra) are plans have been prepared. in the last stages of urban Partially Achieved transport master plan preparation and validation.) Indicator 2: Local Government The Local Government Support Support Program (PACT) Program (P144438, FY14) supported operational with at least two this objective. The February 2018 ISR: support centers: MS reports that 4 local government Baseline: No (2013) support centers were established as of Target: Yes (2017) February 2018. Achieved 12. CPS Objective: Improved capacity to plan, manage and assess the effective delivery of key services, especially at the local level Indicator 1: National rural road The Second Rural Roads Project At PLR, this CPS objective’s accessibility index: (P094007, FY06) and its additional name was changed from: Baseline: 77 % (2013) financing 1 (P110833, FY10) and 2 “Expand access to basic Target: 80% (2015) (P148003, FY14) supported this services” indicator. IEG ICRR: S reports that national rural road accessibility index increased to 79.3% as of 2017. Mostly Achieved Indicator 2: People in rural areas The Rural Water Supply and At PLR the target was provided with access to Sanitation project (P086877, FY05) changed from the original Improved Water Sources supported this indicator. IEG ICRR: U Target: 465,000+ 335,000 (number): reports that 192,000 people in the (2007) Baseline: 171,000 (2013) project area were provided with access Target: 547,000 (2017) to improved water sources as of The April 2018 ISR: MS of November 2014. project P145529 reports that 148,000 people were Annexes CLR Review 29 Independent Evaluation Group CPS FY14-FY17: Focus Area III: Strengthening Governance and Actual Results IEG Comments Institutions for Improved Service Delivery to All Citizens The Rural Water Supply project provided with improved (P145529, FY14) also supported this water sources in rural areas indicator. The September 2017 ISR: as of February 2018. MS reports that 116,600 people were provided with improved water sources in rural areas as of August 2017. In total, 308,600 people in rural areas were provided with access to improved Water Sources during the CPS period. Partially Achieved Indicator 3: People in urban The Morocco Oum Er Rbia Sanitation At PLR the target was areas provided with access to project (P098459, FY10) supported changed from the original Improved Sanitation (number): this indicator. Target: 65,000 (2017) Baseline: 0 (2013) The CLR reports that 195,000 people Target: 200,000 (2017) were provided with access to Improved Sanitation. Management ICR: MS reports that 144,004 people in urban areas were provided with access to Improved Sanitation under the project as of May 2018. Partially Achieved Annexes CLR Review 30 Independent Evaluation Group Annex Table 2: Planned and Actual Lending for Morocco, FY14-FY17 ($, millions) Approved Proposed Approval Closing Proposed Proposed Project ID Project name IBRD FY FY FY Amount Amount Amount CPS PLR Project Planned Under CPS/PLR MA-Accountability and Transparency P130903 FY14 2014 2015 200 200 DPL P127956 MA-Inclusive Green Growth DPL FY14 2014 2015 300 300 MA Capital Market Develop. & SME P147257 FY14 2014 2015 300 300 Finance P144185 MA-Second Skills and Employment DPL FY14 2015 2016 100 100 P145649 MA-ONEE Support Project (Addit. Fin.) FY14 2014 na 40 41 P148003 MA-Second Rural Roads Project - AF2 FY14 2014 na 95 97 P145529 MA-Rural Water Supply FY14 2014 2022 150 159 P128869 MA-Second Competitiveness DPL FY15 2015 2016 120 200 P148642 MA-Solid Waste Sector DPL4 FY15 2015 2016 130 130 P149653 MA: Urban Transport (P4R) FY15 2016 2020 200 200 P148017 MA-Health Sector Support FY15 2015 2020 100 100 MA-Integrated Risk Management P144539 FY15 2016 2022 75 200 Program MA-Noor Ouarzazate Concent. Solar P131256 FY15 2015 2023 150 400 Power P143689 MA-Clean and Efficient Energy FY15 2015 2021 125 125 MA: Financing Innovative Startups & P150928 FY15 2017 2024 50 50 SMEs Dropped OER Irrigation AF FY15 180 Dropped Non-Revenue Water FY15 100 P149747 MA- Inclusive Green Growth DPL2 FY16-FY17 2016 2017 1,585.0 300 MA: Transparency and Accountability P154041 FY16-FY17 2016 2017 200 DPL2 P150930 MA-Large Scale Irrigation Modernization FY16-FY17 2016 2023 150 Dropped Gender FY16-FY17 Dropped Energy Efficiency FY16-FY17 Dropped Support to ORDAR Creation FY16-FY17 Support to Periurban WSS Service Dropped FY16-FY17 Extension Dropped INDH 3 FY16-FY17 Dropped Judiciary Reform Implementation FY16-FY17 Dropped Rural Development Program FY16-FY17 Dropped Rural Road 3 FY16-FY17 Dropped Water & Sanitation FY16-FY17 Dropped Tourism Development FY16-FY17 Dropped ICT Development FY16-FY17 MA-Second Capital Market Dev and P153603 FY17 2017 2018 450.0 350 SME DPL Annexes CLR Review 31 Independent Evaluation Group P155198 Identity and Targeting for SP FY17 2017 2022 100.0 100 Decentralization & Municipal Support P149995 FY17 2018 2023 250.0 Program. P151169 Investing in Opportunities for Youth FY17 2019 2023 50.0 Dropped Education Support IPF FY17 200.0 Total Planned 4,000.0 1,050.0 3,700.7 Approved Proposed Approval Closing Proposed Proposed Project ID Project name IBRD FY FY FY Amount Amount Amount CPS PLR Project Unplanned Under CPS/PLR Total Unplanned Approved Proposed Approval Closing Proposed Proposed Project ID Project name IBRD FY FY FY Amount Amount Amount CPS PLR On-going Projects During the CPS/PLR Period P094007 MA-Rural Roads II 2006 2017 60 P086877 MA-Rural Water Supply and Sanitation 2006 2015 60 P104265 MA-ONE Support Project 2008 2016 150 P093719 MA-Modern. of Irrig. Agric.in OER Basin 2010 2018 70 P098459 MA-Oum Er Rbia Sanitation 2010 2018 43 MA-Regional Potable Water Supply P100397 2010 2016 175 Systems P110833 MA-Rural Roads II Additional Financing 2010 na 81.5 P125799 MA-Judicial Performance Enhancement 2012 2017 15.8 P129326 MA-MSME Development 2012 2018 50 P116201 MA-National Initiative for Human Dev II 2012 2016 300 MA-Ouarzazate Concentrated Solar P122028 2012 2017 200 Power MA-Economic Competitiveness Support P127038 2013 2014 160 Prog P120541 MA-Second Education DPL 2013 2014 100 P127955 MA-Solid Waste Sector DPL3 2013 2014 130 P127822 MA-Support of Plan Maroc Vert DPL2 2013 2014 203.2 Total On-going 1,798.5 Source: Morocco CPS, WB Business Intelligence Table 2a.4, 2a.7, and 2b.1 as of 11/26/2018. Note: * Project ratings from parent project; ** Project were part of a programmatic series. Annexes CLR Review 32 Independent Evaluation Group Annex Table 3: Advisory Services and Analytics Work for Morocco, FY14-FY17 Project Fiscal Economic and Sector Work Report Type Global Practice ID Year Public Expenditure Review P107148 MA PER Health-Education FY14 Governance (PER) Sector or Thematic P113768 MA-PESW Climate Change FY14 Environment & Natural Resources Study/Note MA-TFGov of Service Delivery to Sector or Thematic P116714 FY14 Governance Citizens Study/Note Sector or Thematic P128429 MA-Trade and Integration-EU FY14 Trade & Competitiveness Study/Note MA-Growth, Employment & Sector or Thematic P127927 FY15 Poverty and Equity Poverty PESW Study/Note P144621 MA: Gender Assessment FY15 Other Poverty Study Poverty and Equity MA Road Public and Institutional Sector or Thematic P152499 FY16 Transport & Digital Development Review Study/Note MA-Country Economic Country Economic Macroeconomics, Trade and P147795 FY16 Memorandum Memorandum (CEM) Investment Financial Sector Assessment Finance, Competitiveness and P152111 MA: FSAP Update FY16 Program (FSAP) Innovation Public Expenditure Financial P151991 MA: PEFA Diagnostic FY16 Governance Accountability Country Economic P148926 MA: Trade and Competitiveness FY16 Trade & Competitiveness Memorandum (CEM) MA: Cost of Environmental Sector or Thematic P153448 FY17 Environment & Natural Resources Degradation Study/Note Programmatic Agriculture Sector Sector or Thematic P157316 FY17 Agriculture Dialogue Study/Note Project Fiscal Technical Assistance Output Type Global Practice ID Year MA-Community-Based Disaster Social, Urban, Rural and Resilience P127139 FY14 Technical Assistance Risk Mgt(TF) Global Practice MA-GFDRR TA Risk Prevention Social, Urban, Rural and Resilience P114412 FY14 Technical Assistance and Mgmt Global Practice P132539 MA-SABER WfD FY14 Technical Assistance Education Morocco #10007 Intro to Covered Finance, Competitiveness and P123550 FY14 Technical Assistance Bonds Innovation Finance, Competitiveness and P129990 Morocco#10085 Strat FY14 Technical Assistance Innovation MA: Broadband and eGov policy P146288 FY15 Technical Assistance Transport & Digital Development advice Finance, Competitiveness and P143889 MA: Financial Capability Survey FY15 Technical Assistance Innovation Social, Urban, Rural and Resilience P148358 MA: Tourism Development FY15 Technical Assistance Global Practice P130087 P130087 FY15 Technical Assistance Social Protection & Labor Economic Analysis: Water Supply- P157648 FY16 Technical Assistance Water Demand Industrial Wastewater P157649 FY16 Technical Assistance Water Management MA - Climate Change Adaptation P149570 FY16 Technical Assistance Transport & Digital Development for Roads P152969 MA Health Coverage TA FY16 Technical Assistance Health, Nutrition & Population Annexes CLR Review 33 Independent Evaluation Group MA-Subsidy Reform and Cash P133498 FY16 Technical Assistance Social Protection & Labor Transfer Prog Macroeconomics, Trade and P153362 MA: Wealth Accounting FY16 Technical Assistance Investment Finance, Competitiveness and P148344 MA: #A032 Oversight FY16 Technical Assistance Innovation Finance, Competitiveness and P149407 MA: #A061 Capital Market Legal FY16 Technical Assistance Innovation P148409 MA: GAC in Moroccan Health MIS FY16 Technical Assistance Health, Nutrition & Population MA: RAS Establish. Mor Inv. Finance, Competitiveness and P146654 FY16 Technical Assistance Authority Innovation MA Broadband and ICT Sector P151545 FY17 Technical Assistance Transport & Digital Development Development P157495 MA SP Systems TA FY17 Technical Assistance Social Protection & Labor P151952 MA: Urban Logistics TA FY17 Technical Assistance Transport & Digital Development Finance, Competitiveness and P149408 MA: #A062 Supervision FY17 Technical Assistance Innovation Social, Urban, Rural and Resilience P158999 Morocco Urbanization Review FY17 Technical Assistance Global Practice Source: WB Business Intelligence 11/26/2018. Annexes CLR Review 34 Independent Evaluation Group Annex Table 4: Morocco Grants and Trust Funds Active in FY14-FY17 ($, millions) Project Approval Closing Approved Project name TF ID ID FY FY Amount Strengthen capacity for an inclusive design of groundwater P154280 TF A1741 2016 2017 0.8 management contract for green growth. P143689 Clean and Efficient Energy Project TF 19266 2015 2021 24.0 P131256 MA- Noor Ouarzazate Concentrated Solar Power Project TF 17509 2015 2020 119.0 P128654 MA-Partnership for Market Readiness TF 19420 2015 2019 3.0 Accessing Overseas Employment Opportunities for Moroccan P150064 TF A0100 2015 2019 1.6 Youth LEAD Project Linking Education and Accountability for P150875 TF 18056 2015 2019 0.7 Development P149241 Morocco Improvement of Social Service Delivery TF 17309 2015 2018 0.4 P143689 Clean and Efficient Energy Project TF 16866 2015 2016 1.0 P121917 Municipal Solid Waste Carbon Financing Program TF 14782 2014 2022 23.6 P143979 DTF: MA-Support New Governance Framework TF 15817 2014 2019 4.0 P144438 DTF: MA-Local Government Support Program TF 16151 2014 2019 4.6 P144134 Strengthening micro-entrepreneurship for disadvantaged youth TF 15089 2014 2019 5.0 P144500 Morocco Microfinance Development Project TF 15084 2014 2019 4.9 P145458 Support to Procurement Regulatory Body TF 14780 2014 2017 0.4 P129774 Morocco Social and Integrated Agriculture TF 14398 2013 2019 6.4 P121271 Integrated Coastal Zone Management TF 12284 2013 2018 5.2 P127457 Moroccan Association of Family Renaissance TF 10187 2013 2014 0.0 P127475 Amanar for Youth Berbers TF 10189 2013 2014 0.0 P122028 MA-Ouarzazate Concentrated Solar Power TF 10916 2012 2017 97.0 P128555 MA-Promoting Accessibility of Persons with Limited Mobility (PLM) TF 10735 2012 2017 2.9 P121917 Municipal Solid Waste Carbon Financing Program TF 98543 2011 2017 0.5 Integrating Climate Change in the Implementation of the Plan P117081 TF 99539 2011 2016 4.3 Maroc Vert MOROCCO: Institutionalizing a Reform Process for the P121209 TF 97271 2011 2014 0.3 Business Environment Total 310 Source: WB Client Connection as of 11/26/2018 ** IEG validates RETF that are 5M and above. Annexes CLR Review 35 Independent Evaluation Group Annex Table 5: IEG Project Ratings for Morocco, FY14-FY17 ($, millions) Exit Project Total Project name IEG Outcome IEG Risk to DO FY ID Evaluated MODERATELY 2014 P120541 MA-Second Education DPL 101.7 MODERATE SATISFACTORY MA-Support of Plan Maroc Vert MODERATELY 2014 P127822 397.0 HIGH DPL2 SATISFACTORY MA-Economic Competitiveness MODERATELY 2014 P127038 362.7 MODERATE Support Prog SATISFACTORY MA-Rural Water Supply and 2015 P086877 57.3 UNSATISFACTORY SIGNIFICANT Sanitation MODERATELY 2015 P127956 MA-Inclusive Green Growth DPL 602.3 MODERATE SATISFACTORY MA-Accountability and MODERATELY 2015 P130903 406.7 SIGNIFICANT Transparency DPL SATISFACTORY MA-Regional Potable Water 2016 P100397 96.2 UNSATISFACTORY SIGNIFICANT Supply Systems MODERATELY 2016 P104265 MA-ONE Support Project 146.3 MODERATE SATISFACTORY MA-GEF Integrating CC in the MODERATELY 2016 P117081 4.4 SIGNIFICANT PMV SATISFACTORY MA-Second Skills and Employment MODERATELY 2016 P144185 190.0 MODERATE DPL SATISFACTORY 2016 P148642 MA-Solid Waste Sector DPL4 245.9 SATISFACTORY MODERATE MA-Ouarzazate Concentrated 2017 P122028 0.5 HIGHLY SATISFACTORY MODERATE Solar Power MA-Judicial Performance HIGHLY 2017 P125799 2.1 LOW Enhancement UNSATISFACTORY 2017 P094007 MA-Rural Roads II 227.6 SATISFACTORY # Total 2,840.6 Source: WB Business Intelligence Key IEG Ratings as of 11/26/2018 and IEG staff calculations. Annex Table 6: IEG Project Ratings for Morocco and Comparators, FY14-FY17 Total Total RDO % RDO % Evaluated Evaluated Outcome Outcome Moderate or Lower Moderate or Lower ($M) (No) % Sat ($M) % Sat (No) Sat ($) Sat (No) Morocco 2,841 20 95 85 63 63 MENA 4,463 81 84 68 39 20 World Bank 89,286 956 85 74 51 42 Source: WB Business Intelligence as of 11/26/2018 and IEG staff calculations. Annexes CLR Review 36 Independent Evaluation Group Annex Table 7: Portfolio Status for Morocco and Comparators, FY14-FY17 Fiscal Year 2014 2015 2016 2017 Ave FY14-FY17 Morocco # Proj 14 15 15 13 14 # Proj At Risk 2 2 2 2 2 % Proj At Risk 14 13 13 15 14 Net Comm Amt ($M) 2,460 2,296 2,249 1,997 2,250 Comm At Risk ($M) 191 245 173 259 217 % Commit at Risk 8 11 8 13 10 MENA # Proj 89 80 76 68 78 # Proj At Risk 28 38 26 25 29 % Proj At Risk 31 48 34 37 38 Net Comm Amt ($M) 10,606 11,669 14,460 15,243 12,994 Comm At Risk ($M) 2,225 2,787 1,827 3,417 2,564 % Commit at Risk 21 24 13 22 20 World Bank # Proj 1,386 1,402 1,398 1,459 1,411 # Proj At Risk 329 339 336 344 337 % Proj At Risk 24 24 24 24 24 Net Comm Amt ($M) 183,154 191,908 207,350 212,503 198,729 Comm At Risk ($M) 39,749 44,431 42,715 50,838 44,433 % Commit at Risk 22 23 21 24 22 Source: WB Business Intelligence as of 11/26/2018. Annex Table 8: Disbursement Ratio for Morocco, FY14-FY17 Fiscal Year 2014 2015 2016 2017 Overall Result Morocco Disbursement Ratio (%) 16 13 20 20 17 Inv Disb in FY ($M) 96 94 189 164 543 Inv Tot Undisb Begin FY ($M) 590 742 966 814 3,113 MENA Disbursement Ratio (%) 21 22 22 25 22 Inv Disb in FY ($M) 1,251 1,334 1,467 1,455 5,507 Inv Tot Undisb Begin FY ($M) 5,892 6,176 6,718 5,914 24,702 World Bank Disbursement Ratio (%) 21 22 19 20 21 Inv Disb in FY ($M) 20,758 21,854 21,153 22,126 85,891 Inv Tot Undisb Begin FY ($M) 99,854 100,345 108,600 108,148 416,947 Source: WB Business Intelligence as of 11/26/2018. Annexes CLR Review 37 Independent Evaluation Group Annex Table 9: Net Disbursements and Charges for Morocco, FY14-FY17 ($, millions) Period Disb. Amt. Repay Amt. Net Amt. Charges Fees Net Transfers FY14 781.5 171.5 610.0 57.3 1.8 550.9 FY15 591.8 165.0 426.8 54.2 1.9 370.7 FY16 1,077.2 163.1 914.1 45.6 4.4 864.1 FY17 636.7 159.5 477.2 51.5 3.0 422.8 Report Total 3,087.2 659.1 2,428.1 208.5 11.1 2,208.5 Source: WB Business Intelligence as of 11/26/2018. Annex Table 10: Total Net Disbursements of Official Development Assistance for Morocco ($, millions) Development Partners 2014 2015 2016 2017 Australia 0.4 0.1 0.0 .. Austria 0.2 0.3 0.2 0.4 Belgium 19.0 15.5 22.2 .. Canada 8.1 3.7 8.8 5.5 Czech Republic .. 0.0 0.1 .. Denmark -0.1 0.5 0.2 .. Finland 0.5 0.3 0.2 .. France 539.5 213.9 303.3 .. Germany 414.7 351.9 462.8 .. Greece 0.0 0.1 0.0 0.0 Hungary 0.0 0.1 0.3 .. Italy -0.9 -2.1 -1.5 .. Japan 27.3 34.4 82.8 .. Korea 4.1 5.8 5.4 .. Luxembourg 0.2 0.2 0.0 0.1 Netherlands 1.2 1.1 0.7 .. New Zealand 0.1 .. .. .. Norway 0.5 0.4 0.2 .. Poland .. 0.0 0.0 .. Portugal 0.4 11.0 6.6 .. Slovenia .. 0.0 0.0 .. Spain 15.7 17.7 8.4 .. Sweden 0.3 0.3 0.2 .. Switzerland 8.0 9.7 7.8 .. United Kingdom 13.1 5.5 4.3 .. United States 9.2 15.0 29.1 .. DAC Countries, Total 1,061.2 685.3 942.3 6.0 Annexes CLR Review 38 Independent Evaluation Group Development Partners 2014 2015 2016 2017 Israel 0.1 0.1 0.1 .. Kuwait 53.2 67.6 250.1 .. Lithuania .. 0.0 .. .. Malta 0.0 0.0 0.0 .. Romania 0.1 0.9 0.1 .. Russia 1.5 0.6 .. .. Thailand .. 0.0 0.0 .. Turkey 2.7 0.6 1.6 .. United Arab Emirates 465.8 72.7 166.7 .. Non-DAC Countries, Total 523.3 142.5 418.6 0.0 EU Institutions 525.1 348.7 628.0 .. Regional Development Banks, Total 1.8 -3.9 2.4 .. African Development Bank, Total 1.2 -1.2 -0.1 .. African Development Bank [AfDB] 2.8 0.3 1.4 .. African Development Fund [AfDF] -1.6 -1.5 -1.6 .. Islamic Development Bank [IsDB] 0.6 -2.7 2.6 .. United Nations, Total 6.0 9.1 6.2 6.3 International Atomic Energy Agency [IAEA] 0.3 0.6 0.7 0.5 IFAD -2.1 1.0 -2.7 .. International Labour Organisation [ILO] 0.4 0.5 0.4 0.4 UNAIDS 0.5 0.5 0.5 .. UNDP 0.7 0.7 0.5 .. UNFPA 1.6 1.3 0.9 0.7 UNHCR 2.3 1.5 3.3 4.0 UNICEF 1.9 1.7 1.7 .. World Health Organisation [WHO] 0.6 1.2 0.9 0.7 Other Multilateral, Total 122.7 299.8 -5.1 .. Adaptation Fund .. 2.9 .. .. Arab Fund (AFESD) -40.0 42.5 -46.5 .. Climate Investment Funds [CIF] 147.7 239.8 17.5 .. Global Environment Facility [GEF] 6.1 5.9 7.1 .. Global Fund 8.9 1.7 8.2 .. Global Green Growth Institute [GGGI] 0.3 .. 0.2 .. OPEC Fund for International Development [OFID] -0.3 7.0 8.5 .. Multilateral Agencies, Total 655.6 653.6 631.5 6.3 Development Partners, Total 2,240.2 1,481.4 1,992.4 12.3 Source: OECD Stat database as of 11/26/2018. Annexes CLR Review 39 Independent Evaluation Group Annex Table 11: Economic and Social Indicators for Morocco Morocco MENA World Series Name 2014 2015 2016 2017 Average 2014-2017 Growth and Inflation GDP growth (annual %) 3 5 1 4 3 3 3 GDP per capita growth (annual %) 1 3 0 3 2 1 2 GNI per capita, PPP (current international $) 7,270 7,620 7,710 8,060 7,665 19,172 16,006 GNI per capita, Atlas method (current $) 3,050 3,010 2,880 2,860 2,950 7,896 10,555 Inflation, consumer prices (annual %) 0 2 2 1 1 2 2 Composition of GDP (%) Agriculture, value added (% of GDP) 12 13 12 13 12 5 4 Industry, value added (% of GDP) 26 26 26 26 26 39 26 Services, etc., value added (% of GDP) 52 50 50 50 50 51 65 Gross fixed capital formation (% of GDP) 30 29 30 31 30 24 23 Gross domestic savings (% of GDP) 19 22 22 22 21 33 25 External Accounts Exports of goods and services (% of GDP) 34 34 35 37 35 40 29 Imports of goods and services (% of GDP) 47 42 45 47 45 38 29 Current account balance (% of GDP) -6 -2 -4 -4 -4 .. .. External debt stocks (% of GNI) 40 43 46 46 44 .. .. Total debt service (% of GNI) 4 4 4 .. 4 .. .. Total reserves in months of imports 5 6 6 .. 6 26 13 Fiscal Accounts* General government revenue (% of GDP) 28 27 26 26 27 28 .. General government total expenditure (% of 33 31 31 30 31 34 .. GDP) General government net lending/borrowing -5 -4 -4 -4 -4 -7 .. (% of GDP) General government gross debt (% of GDP) 63 64 65 65 64 38 .. Health Life expectancy at birth, total (years) 75 76 76 .. 76 73 72 Immunization, DPT (% of children ages 12- 99 99 99 99 99 87 85 23 months) People using at least basic sanitation 83 83 .. .. 83 89 68 services (% of pop) People using at least basic drinking water 82 83 .. .. 82 93 88 services (% of pop) Mortality rate, infant (per 1,000 live births) 23 22 21 20 21 20 31 Education School enrollment, preprimary (% gross) 58 57 50 .. 55 31 48 School enrollment, primary (% gross) 110 109 110 .. 110 104 103 Annexes CLR Review 40 Independent Evaluation Group Morocco MENA World Series Name 2014 2015 2016 2017 Average 2014-2017 School enrollment, secondary (% gross) .. .. .. .. .. 79 76 Population Population, total (Millions) 34 35 35 36 35 4,328 7,401 Population growth (annual %) 1 1 1 1 1 2 1 Urban population (% of total) 60 61 61 62 61 64 54 Poverty Poverty headcount ratio at $1.90 a day (2011 .. .. .. .. .. 5 10 PPP) (% of pop) Poverty headcount ratio at national poverty .. .. .. .. .. .. .. lines (% of pop) Rural poverty headcount ratio at national .. .. .. .. .. .. .. poverty lines (% of rural pop) Urban poverty headcount ratio at national .. .. .. .. .. .. .. poverty lines (% of urban pop) GINI index (World Bank estimate) .. .. .. .. .. .. .. Source: WB Development Data Platform as of 11/26/2018. *International Monetary Fund, World Economic Outlook Database, October 2018. Annexes CLR Review 41 Independent Evaluation Group Annex Table 12: List of IFC Investments in Morocco ($, millions) Investments Committed in FY14-17 CMT Project Primary Net Project ID Project Size Net Loan Net Comm FY Status Sector Name Equity Finance & 38717 2017 Active 112.1 112.1 - 112.1 Insurance Oil, Gas and 35934 2015 Closed 1.3 1.3 1.2 1.2 Mining Oil, Gas and 37181 2015 Closed 0.4 0.4 0.4 0.4 Mining Electric 32334 2014 Closed 20.0 0.3 0.0 0.0 Power Agriculture 32390 2014 Active 24.0 24.0 24.0 24.0 and Forestry Collective 33021 2014 Active Investment 19.9 19.9 19.9 19.9 Vehicles Construction 33038 2014 Active and Real 65.0 30.0 25.4 25.4 Estate Finance & 33262 2014 Active 20.0 20.0 - 20.0 Insurance Sub-Total 262.7 208.0 70.9 203.0 Investments Committed pre-FY14 but active during FY14-17 CMT Project Primary Project ID Project Size Net Loan Net Equity Net Comm FY Status Sector Name Collective 31510 2013 Active Investment 13.2 13.2 13.2 13.2 Vehicles Education 32773 2013 Active 7.0 7.0 7.0 7.0 Services Finance & 30855 2012 Active 9.0 2.7 - 2.7 Insurance Collective 28573 2010 Active Investment 12.0 11.7 11.7 11.7 Vehicles Collective 26242 2008 Active Investment 6.7 6.7 6.7 6.7 Vehicles Sub-Total 48.0 41.4 38.7 41.4 TOTAL 310.7 249.4 109.6 244.4 Source: IFC-MIS Extract as of 9/30/18 Annexes CLR Review 42 Independent Evaluation Group Annex Table 13: List of IFC Advisory Services in Morocco ($, millions) Advisory Services Approved in FY14-17 Project Impl Impl Project Primary Project Name Total Funds ID Start FY End FY Status Business Line No approved projects Sub-Total - Advisory Services Approved pre-FY14 but active during FY14-17 Project Impl Impl Project Primary Project Name Total Funds ID Start FY End FY Status Business Line 28044 Chtouka Desalination and Irrigation 2010 2014 Closed PPP 0.7 Sub-Total 0.7 TOTAL 0.7 Source: IFC AS Portal Data as of 9/30/15 Annex Table 14: IFC net commitment activity in Morocco, FY14 - FY17 ($, millions) 2014 2015 2016 2017 Total Long-term Investment Commitment Financial Markets 20.0 (5.7) (0.0) 111.6 125.9 Agribusiness & Forestry 24.0 - - - 24.0 Tourism, Retail, Construction & Real 55.0 (0.0) (0.0) (29.6) 25.4 Estates (TRP) Health, Education, Life Sciences - - - (0.0) (0.0) Other Infra Sectors 0.4 (1.3) (0.0) 0.1 (0.9) Oil, Gas & Mining - 1.7 (0.0) 0.0 1.7 Infrastructure 10.0 (0.0) (0.0) 0.0 10.0 Collective Investment Vehicles 16.2 (5.8) (0.1) 0.1 10.3 Total IFC Long Term Investment 125.6 (11.1) (0.2) 82.2 196.4 Commitment Total Short-term Finance/Trade Finance / - - - - Average Outstanding Balance (GTFP) Source: IFC MIS as of 11/21/18 Note: IFC began reporting average outstanding short-term commitments (not total commitments) in FY15 and no longer aggregates short-term commitments with long-term commitments. IEG uses net commitment number for IFC's long-term investment. For trade finance guarantees under GTFP, average commitment numbers have been used. Annex Table 15: List of MIGA Projects Active in Morocco, 2014-2017 ($, millions) Project Max Gross Contract Enterprise FY Sector Status Issuance JP Industrie, S.A. 2012 Not Active Manufacturing 3.5 Soroa Pépinières, S.A.R.L. 2012 Not Active Agribusiness 2.7 Total 6.2 Source: MIGA 11/20/18 w/ Project Brief