Morocco Compact
Morocco Compact
as of March 31, 2012
- Total Grant Value:
$697,500,000 - Total Amount Committed:
$555,224,165 (80%) - Total Amount Expended:
$317,670,995 (46%)
Expenditures are the sum of cash outlays and quarterly accruals for work completed but not yet paid or invoiced.
| Project | Estimated Beneficiaries | Estimated Benefits |
|---|---|---|
| Artisan and Fez Medina Project | 126,900 | $65,000,000.00 |
| Enterprise Support Project | 13,000beneficiary count for Project during pilot phase | $34,000,000.00 |
| Financial Services Project | N/A - (This project is designed to be demand-driven and the number of beneficiaries will depend on the actual demand for microcredit borrowing. Therefore, beneficiary numbers are not estimated.) | $29,600,000.00 |
| Fruit Tree Productivity Project | 579,925 | $505,000,000.00 |
| Small Scale Fisheries Project | 125,590 | $273,000,000.00 |
The above estimates are based in the best, currently available, information and may be updated if new, reliable, data are available.
The total beneficiary count for the Compact may not be the sum of the different project beneficiary counts because of overlaps between Projects. In other words, some beneficiaries benefit from more than one project but are counted only once in the total beneficiary count.
Total benefits expected from each project are obtained from the ERR analysis MCC conducts during due diligence. Beneficiary counts, although consistent with benefit streams identified in the economic analysis, are not necessarily derived from these models (which are concerned with costs and benefits rather than beneficiaries). MCC estimates and reports expected beneficiaries when sufficiently reliable data exists to support the estimation. If such evidence is lacking, no estimation is attempted, resulting in an underestimation of projected beneficiaries for the Compact. Calculating the amount of benefit per beneficiary would therefore give an overestimation and can be misleading.
| Project | Objective |
|---|---|
| Artisan and Fez Medina Project | Increase revenue from cultural and artisan activities, and improve educational and professional qualifications of compact beneficiaries
|
| Enterprise Support Project | Improve the outcomes of the Moukalawati and INDH programs by increasing the viability of young enterprises created through these programs
|
| Financial Services Project | Improve micro-enterprise services and remove most severe constraints to the development of the microfinance sector based on market principals
|
| Fruit Tree Productivity Project | Stimulate growth in the agricultural sector and reduce the volatility of agricultural production by restructuring farming from grains towards fruit tree cultivation
|
| Small Scale Fisheries Project | Supported by modern landing-site infrastructure, equipment and storage facilities, develop value-chain activities related to the fishing industry encouraging greater access to national and international markets, while improving the fish quality and preserving resources
|
Projected Results by End of Compact
The Morocco Compact aims to achieve the results below by the end of the compact in August 2013:
- Increase average income of farmers engaged in extension of olive, almond and fig production from about $1,068 to $1,235 in rain-fed extension zones and from $1,811 to $2,453 in irrigated areas, and revenue of farmers producing dates in the oasis zones from $2,226 to $3,118;
- Increase net annual revenue of boats accessing the new landing sites from about $19,140 to $31,370, and annual boat revenue for those entering revamped ports from $26,860 to $28,780, and annual income of mobile fishermen from $3,586 to $4,880;
- Increase the average Income of mono-artisan potters from $849 to $1499 per month. Raise average wages and profits of small and medium pottery workshops to $2,843 per month Increase the number of tourist visiting Fez from 341,076 to 391,998. Increase the survival rate of new businesses from 76% to 81%.
Results to Date
Information on results to date is available in the Table of Key Performance Indicators (a subset of the full set monitored under the Morocco Monitoring and Evaluation Plan). The full set of performance indicators is detailed in the Monitoring and Evaluation Plan.