The Moroccan Pension Fund (CMR) held a Board of Directors meeting on Monday in Rabat, chaired by Nadia Fettah, the Minister of Economy and Finance. In her opening speech, the minister highlighted that the CMR has begun drafting its Strategic Action Plan for the upcoming three years. This initiative aligns with government directives aimed at administrative reform, digitalization, and enhanced inter-institutional cooperation to better serve citizens, according to a statement from the CMR.

During the meeting, the Board praised the CMR’s achievements in 2023, the second year of the program contract with the state for 2022-2024, noting a completion rate exceeding 89%. It was also highlighted that the CMR currently manages the rights of over 2 million affiliates and pension beneficiaries, with financial flows surpassing 90 billion dirhams.

The Board expressed satisfaction with the strong performance of the CMR’s managed portfolios and the quality of its investments, which achieved a return of 5.7% despite challenging economic conditions.

Additionally, the Board commended the institution for incorporating the Amazigh language into its services, particularly in reception and communication, to facilitate access for Amazigh-speaking individuals.

The launch of the new version of the CMR portal and the quality of innovative digital services offered remotely to users and partners were also praised. These developments are part of the CMR’s strategy of digitalization and innovation.

After reviewing the agenda items, the Board approved the accounts for the fiscal year 2023 and endorsed all presented decisions and resolutions.