Morocco Made Considerable Progress in Understanding Critical Risks: OECD

5/26/2016 12:04:18 AM

(MENAFN- Morocco World News) Morocco has, over the past 20 years, made considerable progress in understanding critical risks, mainly via a legislative and regulatory body, and the implementation of specific financial mechanisms.

This came in a review of risk management policies in Morocco, by the Organization for Economic Co-operation and Development (OECD), whose main findings and recommendations were presented in Rabat on Wednesday. The review has five main outlines related to the amelioration of resilience to natural disasters, namely governance, assessment and risk prevention, emergency management, recovery and reconstruction. Regarding governance of critical risks, the review wrote that Morocco made considerable progress in understanding critical risks, but these efforts have not yet led to the adoption of an integrated response.

It said that “deficiencies in governance still remain, such as policies that are too sector-based, or focused on a single risk, or not sufficiently inclusive, or using a top-down method.”

OECD gave a series of recommendations, as building a long-term vision at the service of an integrated critical risk management strategy, implementing an institutional framework adapted to national governance with clear lines of responsibility, and modernizing the regulatory framework in order to adapt it to current and future challenges.

With MAP

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