Main points of the agreement on the establishment of a regional coordinating committee to support project holders and very small and medium-sized businesses

Rabat - Here are the main points of the agreement on the establishment of a regional coordinating committee to support project holders and very small and medium sized businesses to ease access to bank financing, which was signed Monday in Rabat before His Majesty King Mohammed VI: - Convention's objective:

* The establishment at the level of each of the regions of the Kingdom of a Regional Committee for the coordination and the accompaniment of project holders and Very Small and Medium Sized businesses for the facilitation of access to bank financing. * The definition of the responsibilities of this Committee, of its composition and of its mode of operation.

- The Committee's mission: * Coordination and monitoring at the regional level of the implementation of measures and actions to facilitate access to bank financing for the benefit of project holders and Very Small and Medium Sized Enterprises;

* To monitor the implementation of information and awareness actions on the support system for the benefit of project holders and Very Small and Medium Sized Enterprises; - The identification, for the purposes of implementing the special support and financing program of project holders and Very Small and Medium Sized Enterprises, of experts networks and specialized bodies in charge of providing technical assistance and accompaniment to project holders and Very Small and Medium Sized Enterprises. These experts will hence offer support services in pre-creation phases, file preparation, business creation and growth, legal assistance to project holders, training and support in case of difficulties;

- Facilitation and coordination of support actions for entrepreneurs with projects and their orientation towards the experts and specialized bodies so as to meet their needs and monitor their work. The terms of remuneration of the said experts will be set out later on. - Identification of partners to promote incubation of projects;

- The formulation of proposals to strengthen and improve the support system and the simplification of procedures and their digitalization; - The monitoring at the regional level of the implementation of the action program to strengthen the support mechanism for target segments and the establishment for this purpose of periodic reports to the parties to this agreement.

- Members of the Committee: - Chaired by the Director of the Regional Investment Center, the Committee includes the following members:

- The regional representative of Bank Al-Maghrib; - The regional representative of the Caisse Centrale de Garantie (CCG);

- The regional representative of the the Office of Vocational Training and Labor Promotion (OFPPT); - The representative of the Professional Grouping of Banks of Morocco (GPBM);

- The representative of Morocco's employers association (CGEM). The Committee may also include any other partner whose contribution is deemed useful, at the invitation of its chairman.

-Operating procedures of the Committee: - The said Committee meets at the invitation of its chairman, or at the request of its members, at least once a month and as often as necessary.

- The operating procedures of the Committee are set by its members. - The work of the Committee is the subject of minutes drawn up by the Investment Regional Center.

- Duration of the Agreement: This Agreement is established for a period of 3 years renewable by tacit agreement, until the fulfillment of the commitments and objectives of the aforementioned program.

- Dispute processing: * Any dispute between the members of the Committee are submitted for amicable settlement to the heads of the signatory parties.

- Entry into force of the Convention: * This Agreement takes effect from the date of signature.

* It can be reviewed and / or supplemented by amendment by the signatory parties.