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Home » Morocco » Morocco to Dissolve Associations that Don’t Declare Source of Foreign Funds

Morocco to Dissolve Associations that Don’t Declare Source of Foreign Funds

mwnbymwn
Nov, 04, 2014
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Morocco’s Net international Reserves Amounts to MAD 224.6 billion as of December 31

Morocco’s Net international Reserves Amounts to MAD 224.6 billion as of December 31

Taroudant- Driss Dahak, the government’s Secretary General, called on Monday for more control over foreign funds for the Moroccan associations.

During a meeting of the Committee on Public Finance Control in the House of Representatives, Dahak said that he had prepared a package of administrative procedures within the framework of the government’s efforts to expand its control over foreign funds that associations receive.

According to the Secretary General, associations receive approximately 240 million MAD in foreign grants.

To better control these grants, especially the source of the funds, the Secretary General called for close collaboration between the Exchange Office, Bank Al Maghrib, and the Ministry of Foreign Affairs.

While the law makes it necessary for the associations to declare foreign funds received and their origins, Dahak noted that some NGOs do not report foreign grants for several reasons, mainly “ignorance of the law” or simply because they “do not want to declare that”.

The Secretary General said that the government would enact harsh penalties against the associations that do not declare received foreign funds and report their origins. The penalties may result in the dissolution of associations that do not respect the law.

Edited by Timothy Filla

© Morocco World News. All Rights Reserved. This material may not be published, rewritten or redistributed

Tags: associations in MoroccoDriss Dahakforeign funds to associations in MoroccoMorocco news
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