Strengthening Public Investment Governance in Morocco: Lessons from South-Korea’s Preliminary Feasibility Study System

DOI

10.2991/978-94-6239-680-7_6How to use a DOI?

Keywords

Public Investment; Preliminary Feasibility Study; Public Investment Management System; Fiscal Efficiency; Governance

Abstract

Over the past two decades, Morocco has launched numerous large-scale public investment projects to spur socioeconomic development and reduce regional disparities. Many of these projects have nevertheless exhibited systemic weaknesses including optimism bias, cost overruns, implementation delays, susceptibility to political influence, and limited outcomes, which are symptomatic of deeper structural inefficiencies in the Public Investment Management (PIM) system, notably the absence of a standardized exante project appraisal mechanism. Building on the value of comparative lesson-drawing, while recognizing the centrality of context for reform outcomes, this article employs a systematic qualitative comparison that combines documentary research and textual analysis of official and academic sources to benchmark Morocco’s appraisal and selection practices against Korea’s Preliminary Feasibility Study (PFS) system. The analysis identifies upstream governance gaps in Morocco and indicates the need to establish an arm’s-length appraisal entity, anchor the process in a clear legal framework with threshold rules, publish general and sector-specific guidance, and adopt a formal, standardized methodological framework for exante appraisal with phased implementation toward a system-wide rollout. Collectively, these measures are expected to strengthen transparency, fiscal efficiency, and strategic alignment in public investment decisions, and advance Morocco’s infrastructuregovernance transition.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Aguil Mohamed
AU  - El Fathaoui Habib
AU  - Onbouh Hassan
AU  - Azergui Abdenacer
PY  - 2026
DA  - 2026/06/20
TI  - Strengthening Public Investment Governance in Morocco: Lessons from South-Korea’s Preliminary Feasibility Study System
BT  - Proceedings of the Conference Morocco-Korea Cooperation: A Lever for Afro-Asian Development (MKC 2025)
PB  - Atlantis Press
SP  - 69
EP  - 80
SN  - 2667-128X
UR  - https://doi.org/10.2991/978-94-6239-680-7_6
DO  - 10.2991/978-94-6239-680-7_6
ID  - Mohamed2026
ER  -