Government Shares Policy Discussion Led by PM Aziz Akhannouch

On Thursday, September 19, 2024, in Rabat, the Prime Minister, Mr. Aziz Akhannouch, chaired a meeting of the State Shareholding Policy Coordination Body. Several government members participated, in accordance with the provisions of Law No. 82-20, which established the National Agency for Strategic Management of State Holdings and Monitoring the Performance of Public Institutions and Enterprises (ANGSPE).

During the meeting, the agency’s proposed State Shareholding Policy received favorable feedback. The policy was presented by the Director General of ANGSPE, Mr. Abdellatif Zaghnoun. This approval follows the endorsement of the State Shareholding Policy’s strategic directions during the Council of Ministers, chaired by His Majesty King Mohammed VI on June 1, 2024, in Casablanca. Additionally, it comes after the fourth session of ANGSPE’s Board of Directors, held in early July 2024 in Rabat, led by Minister of Economy and Finance, Mrs. Nadia Fettah, with the presence of state representatives who are also board members.

In the next phase, the State Shareholding Policy will be reviewed and approved by the Government Council, enabling the agency to begin implementing it in line with the Royal Vision for reforming the public sector. This vision aims to address structural issues within public institutions and enterprises, fostering greater complementarity and coherence in their missions while improving their economic and social efficiency.

This policy was developed using a participatory approach, engaging in strategic dialogues with various stakeholders, including supervising ministerial departments, public institutions and enterprises, other public bodies, the private sector, and regulatory authorities. The policy is based on an integrated system that defines the state’s role as a shareholder through three key components:

• A shareholding policy outlining the state’s orientations, commitments, and expected outcomes from public institutions and enterprises.

• Institutional governance, primarily achieved through the implementation of the state’s role as a shareholder via ANGSPE.

• A defined scope for implementing the shareholding policy dynamically and in alignment with the state’s objectives and priorities.