The social and solidarity economy, an important lever for human and sustainable development

The social and solidarity economy (ESS) constitutes, today, an important lever of human and sustainable development, which could help Morocco to achieve the objectives recommended by the new model of development, underlined the president of the National Council of the ‘Order of Chartered Accountants (OEC), Amine Baakili.

In an interview granted to MAP, on the sidelines of the 9th Congress of the Order of Chartered Accountants of Morocco, held on November 10 and 11 in Tangier, Mr. Baakili affirmed that the SSE constitutes one of the answers to be provided for any development , representing an alternative economic model capable of reconciling economic growth and social cohesion.

“It is certain that the SSE, which places man at the center of its operation, is increasingly establishing itself as an economic sector in its own right with a future, and has a place of choice in the new development model, taking into account the current economic situation marked by the beginning of the exit from the health crisis and the emergence of new opportunities and constraints in a constantly changing international environment”, he said.

“We always confuse the SSE with micro and small businesses or auto-entrepreneurs when this is not true”, explained the expert, noting the existence of large entities in the SSE in Morocco, in l occurrence mutuals and cooperatives.

“We will note that we are in the process of overhauling the framework law on the SSE, an initiative that will make it possible to organize the ecosystem of the SSE in Morocco and to establish an adequate legal framework, thus participating in the enhancement of the contribution of the SSE in the national economy”, he noted.

Mr. Baakili assured that the SSE is one of the responses to be provided for any development, acting as an alternative economic model capable of reconciling economic growth and social cohesion, considering that the economic and social performance and the capacity for creating inclusive value of this economic model are dependent on the quality of its organization and management, as well as its means of financing, its capacity for innovation and its level of digitization.

“The contribution of our profession at the level of the SSE is not negligible. The chartered accountant, vector of knowledge and expertise, contributes to ensuring the viability of the SSE projects by advising on the adoption of tools monitoring and steering, as well as on the financial and economic issues and the strategies to adopt”, he insisted.

According to him, the performance and usefulness of SSE entities strongly depend on the level and quality of their governance, and the development of human capital.

In addition to the initiatives and actions put in place, Mr. Baakili affirmed that the government is called upon to develop training specific to the SSE and to launch other fiscal measures and adapted financing mechanisms, capable of increasing the share of this sector in the GDP and to enable it to fully play its role in the creation of wealth and employment.

“It is time to begin a process of reflection and collective action, through which we will contribute to valuing and promoting the SSE, in order to provide it with the necessary human and financial resources, allowing it to generate inclusive and sustainable growth. “, he concluded.