Arrêté conjoint du ministre de l'agriculture et de la pêche maritime, du ministre de l'intérieur et du ministre de l'économie et des finances n° 362-10 fixant les modalités de l'aide de l'Etat aux aménagements hydro-agricoles et aux améliorations foncières des propriétés agricoles
Made 2010-01-26 · Text as of 2026-10-01
Public law and official guidance, published as research. Not legal, tax or financial advice.
About this law
- Language
- French
- Kind
- Regulation
- Organisation
- European Union
- Country
- Morocco
- Subjects
- Agricultural and rural development
- Keywords
- agricultural development, subsidy/incentive, financial agricultural measures, irrigation
Where to read it
No source link is recorded for this law.
Text
The law's own text, section by section, as held. Each section has its own link.
1±UDELL, %8//(7,12)),&,(/ 7DEOHDX9 $57±/HV FRQGLWLRQV HW PRGDOLWpV G¶RFWURL GH FHWWH DLGH $FTXLVLWLRQGXPDWpULHODJULFROH ILQDQFLqUHVHURQWIL[pHVSDUXQHLQVWUXFWLRQFRQMRLQWHGHVPLQLVWUHV FKDUJpVGHO¶DJULFXOWXUHHWGHVILQDQFHV $57±/HSUpVHQWDUUrWpFRQMRLQWVHUDSXEOLpDX%XOOHWLQ RIILFLHO 5DEDWOHVDIDU MDQYLHU 7$8;'( 3/$)21''(/$ '(6,*1$7,21'80$7(5,(/ 68%9(17,21 68%9(17,21 3$581,7( HQ 3$581,7( HQ'+ /HPLQLVWUHGHO¶DJULFXOWXUH /HPLQLVWUHGHO¶pFRQRPLH HWGHODSrFKHPDULWLPH HWGHVILQDQFHV 7UDFWHXUVDJULFROHV $=,=$.+$1128&+ 6$/$+('',1(0(=28$5 0DWpULHOGHWUDYDLOHWG¶HQWUHWLHQ /HPLQLVWUHGHO·LQWpULHXU GX VRO WUDFWp \ FRPSULV OH URXOHDXHWH[FHSWpOHFRYHUFURS 7$,(%&+(54$28, 0DWpULHOGHWUDYDLOHWG¶HQWUHWLHQ GXVRODQLPpSDUSULVHGHIRUFH $UUrWp FRQMRLQW GX PLQLVWUH GH O¶DJULFXOWXUH HW GH OD SrFKH PDULWLPH GX PLQLVWUH GH O¶LQWpULHXU HW GX PLQLVWUH GH 0DWpULHO G¶DSSRUW HW G¶pSDQGDJH GHPDWLqUHVRUJDQLTXHV O¶pFRQRPLH HW GHV ILQDQFHV Q GX VDIDU MDQYLHU IL[DQWOHVPRGDOLWpVGHO¶DLGHGHO¶(WDW 0DWpULHO G¶DSSRUW HW G¶pSDQGDJH DX[ DPpQDJHPHQWV K\GURDJULFROHV HW DX[ DPpOLRUDWLRQV GHPDWLqUHVPLQpUDOHV IRQFLqUHVGHVSURSULpWpVDJULFROHV BBBBBBBBBB 0DWpULHO GH VHPLV VLPSOH RX FRPELQp HW PDWpULHO GH SODQWDWLRQ /(0,1,675('(/¶$*5,&8/785((7'(/$3(&+(0$5,7,0( /(0,1,675('(/¶(&2120,((7'(6),1$1&(6 0DWpULHO GH WUDLWHPHQW SK\WRVDQLWDLUHSRXUSODQWDWLRQV /(0,1,675('(/¶,17(5,(85 9XOHGpFUHWQGXMRXPDGD, MDQYLHU 0DWpULHO GH WUDLWHPHQW UpJOHPHQWDQW OHV HQFRXUDJHPHQWV GH O¶(WDW HQ YXH GH SK\WRVDQLWDLUH SRXU FXOWXUH O¶DPpQDJHPHQWK\GURDJULFROHHWGHVDPpOLRUDWLRQVIRQFLqUHVGHV DXWUHTXHOHVSODQWDWLRQV SURSULpWpVDJULFROHVWHOTX¶LODpWpPRGLILpHWFRPSOpWp &DSVXOHV j SKpURPRQH FRQWUH OD $55Ç7(17 7XWD$EVROXWDLQVHFWHUDYDJHXU GH OD WRPDWH HW GHV DXWUHV $57,&/( 35(0,(5±/HV DPpQDJHPHQWV K\GURDJULFROHV VRODQDFpHV '++D GHVWLQpV j O¶pTXLSHPHQW GHV SURSULpWpV DJULFROHV HQ V\VWqPHV G¶LUULJDWLRQ ORFDOLVpH RX GH FRPSOpPHQW DLQVL TXH OHV 0RLVVRQQHXVHEDWWHXVH DPpOLRUDWLRQV IRQFLqUHV GHVWLQpHV j O¶DPpOLRUDWLRQ GH OD IHUWLOLWp GHVVROHVHWjODFROOHFWHGHVHDX[SOXYLDOHVSHXYHQWEpQpILFLHUGH 5pFROWHXVHGHSRPPHGHWHUUH O¶DLGHILQDQFLqUHGHO¶(WDWVHORQOHVPDGDOLWpVIL[pHVSDUOHSUpVHQW DUUrWp 0DWpULHOGHIDXFKDJH 7RXWHIRLV OH UHQRXYHOOHPHQW GHV DPpQDJHPHQWV HW GHV 0DWpULHOGH%RWWHODJH DPpOLRUDWLRQVIRQFLqUHVHVWH[FOXVGHVDLGHVVXVPHQWLRQQpHV /HV DPpQDJHPHQWV GHV SURSULpWpV DJULFROHV HQ V\VWqPHV 0DWpULHOGHEDWWDJHG¶DQGDLQDJH G¶LUULJDWLRQORFDOLVpHRXGHFRPSOpPHQWQHSHXYHQWEpQpILFLHUGH HWGHIDQDJH O¶DLGHGHO¶(WDWSUpYXHSDUOHSUpVHQWDUUrWpTXHV¶LOVVRQWFRQoXV 5pFROWHXVHV DXWRPRWULFHV GH HWUpDOLVpVGDQVOHFDGUHG¶XQSURMHWJOREDOSHUPHWWDQWO¶pFRQRPLH EHWWHUDYHHWGHFDQQHjVXFUH G¶HDXG¶LUULJDWLRQ $57±$XVHQVGXSUpVHQWDUUrWpRQHQWHQGSDU 9LEUHXUV PpFDQLTXHV SRXU OD UpFROWHGHVROLYHV ±6\VWqPH G¶LUULJDWLRQ ORFDOLVpH OHV DPpQDJHPHQWV K\GURDJULFROHVSHUPHWWDQWO¶LUULJDWLRQSDUO¶DSSOLFDWLRQGH (QMDPEHXUV SRXU OD UpFROWH GHV O¶HDX GH PDQLqUH IUpTXHQWH HW j IDLEOH GpELW j SUR[LPLWp ROLYHV LPPpGLDWHGHOD]RQHUDFLQDLUHGHVSODQWHV
%8//(7,12)),&,(/ 1±UDELL, ±6\VWqPH G¶LUULJDWLRQ GH FRPSOpPHQW OHV DPpQDJHPHQWV ±3RXUOHVSURMHWVG¶LUULJDWLRQORFDOLVpHUpDOLVpVjWLWUH K\GURDJULFROHV SHUPHWWDQW GH FRPEOHU OHV GpILFLWV LQGLYLGXHO SOXYLRPpWULTXHV GH FHUWDLQHV FXOWXUHV SUDWLTXpHV VRXV DJULFXOWXUH SOXYLDOH SDU GHV DSSRUWV G¶HDX OLPLWpV GXUDQW 7$8; '(6,*1$7,21'( 0217$17'8 OHV SKDVHV FULWLTXHV G¶pODERUDWLRQ GHV UHQGHPHQWV GHV HQ /¶23(5$7,21 3/$)21' '8&2Ó7 FXOWXUHV SRXU SHUPHWWUH G¶DXJPHQWHU HW GH VWDELOLVHU OHV SURGXFWLRQV &UHXVHPHQWHWFXYHODJHGHSXLWV '+PqWUH OLQpDLUH ±3URMHW JOREDO SHUPHWWDQW O¶pFRQRPLH G¶HDX G¶LUULJDWLRQ GHSURIRQGHXU WRXW SURMHW SHUPHWWDQW O¶DSSOLFDWLRQ GH O¶HDX j OD SDUFHOOH HQ XWLOLVDQW OHV V\VWqPHV G¶LUULJDWLRQ ORFDOLVpH RX GH &UHXVHPHQW HW FXYHODJH GH '+PqWUHOLQpDLUH IRUDJHV GHSURIRQGHXU FRPSOpPHQW &HV GHUQLHUV SHXYHQW FRPSUHQGUH OHV RXYUDJHV GH PRELOLVDWLRQ GHV UHVVRXUFHV HQ HDX OHV )RXUQLWXUH HW LQVWDOODWLRQ GHV ±*URXSH GLHVLO pTXLSHPHQWV GH SRPSDJH HW GH FRPSWDJH GH O¶HDX OHV pTXLSHPHQWV GH SRPSDJH GH '+NZ GH EDVVLQVGHVWRFNDJHGHO¶HDXG¶LUULJDWLRQOHVpTXLSHPHQWV O¶HDX \ FRPSULV OHV WUDYDX[ GH SXLVVDQFHLQVWDOOpH GH ILOWUDWLRQ GH O¶HDX GH IHUWLJDWLRQ OHV UpVHDX[ GH JpQLH FLYLO HW OHV FRQVWUXFWLRQV ±*URXSHpOHFWULTXH FRQGXLWHG¶DPHQpHHWGHGLVWULEXWLRQGHO¶HDXOHVWX\DX[ G¶DEULV SRXU VWDWLRQV GH '+NZ GH SRUWHXUV GHV RUJDQHV G¶DUURVDJH OHV GLVWULEXWHXUV OHV SRPSDJH SXLVVDQFHLQVWDOOpH DVSHUVHXUVOHVSLYRWVOHVUDPSHVIURQWDOHVOHVHQURXOHXUV RX WRXW V\VWqPH VLPLODLUH DLQVL TXH WRXV OHV pTXLSHPHQWV $PpQDJHPHQW GH EDVVLQV GH '+ SDU P GH GHFRQWU{OHHWGHUpJXODWLRQGXV\VWqPHG¶LUULJDWLRQ VWRFNDJH GH O¶HDX GHVWLQpH j FDSDFLWpGHVWRFNDJH O¶LUULJDWLRQ \ FRPSULV OH ±6\VWqPH GH FROOHFWH GHV HDX[ SOXYLDOHV OHV UHYrWHPHQW DPpQDJHPHQWVjFDUDFWqUHGpILQLWLISHUPHWWDQWGHUHWHQLU HWGHVWRFNHUO¶HDXGHVSUpFLSLWDWLRQVGDQVOHVRO )RXUQLWXUH HW LQVWDOODWLRQ GH '+SDUKHFWDUH /HV V\VWqPHV GH FROOHFWH GHV HDX[ SOXYLDOHV SHXYHQW PDWpULHOV GH VWDWLRQ GH WrWH pTXLSp FRPSUHQGUH OHV DPpQDJHPHQWV GHV WHUUHV j GHV ILQV ILOWUDWLRQGHO¶HDXG¶LUULJDWLRQGH G¶DPpOLRUDWLRQ GH OD SURGXFWLYLWp DJULFROH VRXV IRUPH GH IHUWLJDWLRQ DFFHVVRLUHV GH EDQTXHWWHVRXGHPXUHWWHV UDFFRUGHPHQW DSSDUHLOODJH GH FRQWU{OH HW GH UpJXODWLRQ ±$PpOLRUDWLRQV IRQFLqUHV OHV RSpUDWLRQV j FDUDFWqUH DSSDUHLOODJH G¶DXWRPDWLVDWLRQ GpILQLWLI SHUPHWWDQW G¶DPpOLRUHU OD IHUWLOLWp GHV WHUUHV PDWpULHO SRXU WpOp FRQWU{OH GHV DJULFROHV HW O¶HIILFLHQFH GH O¶LUULJDWLRQ &HV RSpUDWLRQV YDQQHVFRQWUHODYDJHGHVILOWUHV G¶DPpOLRUDWLRQ IRQFLqUH SHXYHQW FRPSUHQGUH OH JHVWLRQ GH OD IHUWLJDWLRQ GpIRQFHPHQWHWO¶pSLHUUDJH FRPPDQGH GHV SRPSHV WpOp FRQWU{OHHWFRPSWDJHGHO¶HDX \ ±(SLHUUDJH O¶RSpUDWLRQ SDU ODTXHOOH OHV SLHUUHV pOpPHQWV FRPSULVFRQVWUXFWLRQG¶DEULV JURVVLHUVGRQWOHGLDPqWUHHVWVXSpULHXUjYLQJWFHQWLPqUHV FP VRQWH[WUDLWHVHWpYDFXpHVKRUVGXVRO )RXUQLWXUH HW SRVH GHV FRQGXLWHV '+ SDU SDU ±'pIRQFHPHQW O¶RSpUDWLRQ SDU ODTXHOOH OHV FRXFKHV G¶DPHQpH HW GH GLVWULEXWLRQ GH KHFWDUHpTXLSp FRQVROLGpHV VRXV IRUPH GH GDOOH FURWH FXLUDVVH GX VRO O¶HDX G¶LUULJDWLRQ \ FRPSULV OHV VRQWIUDJPHQWpHV DFFHVVRLUHV GH UDFFRUGHPHQW HW DSSDUHLOODJHV GH FRQWU{OH HW GH ± 3URMHW FROOHFWLI G¶LUULJDWLRQ ORFDOLVpH WRXW SURMHW LQLWLp UpJXODWLRQ SDU O¶(WDW RX DXWRULVp SDU FHOXLFL DX SURILW G¶XQ JURXSHPHQW G¶DJULFXOHXUV SRXU OD PRGHUQLVDWLRQ RX OD )RXUQLWXUHHWSRVHjODSDUFHOOHGHV '+ SDU KHFWDUH FUpDWLRQ GH UpVHDX[ FROOHFWLIV G¶LUULJDWLRQ GH PDQLqUH j WX\DX[ HW GLVWULEXWHXUV G¶HDX pTXLSp UpSRQGUHDX[H[LJHQFHVGHO¶LUULJDWLRQORFDOLVpHDXQLYHDX G¶LUULJDWLRQ \ FRPSULV OHV GHV SURSULpWpV DJULFROHV 'DQV OH FDGUH GH FHV SURMHWV DFFHVVRLUHVGHUDFFRUGHPHQW VHXOV OHV DJULFXOWHXUV TXL V¶HQJDJHUDLHQW j pTXLSHU OHXUV SURSULpWpV HQ V\VWqPHV G¶LUULJDWLRQ ORFDOLVpH GDQV OHV 3RXU OHV SURMHWV G¶LUULJDWLRQ ORFDOLVpH UpDOLVpV j WLWUH LQGLYLGXHO OH PRQWDQW GH OD VXEYHQWLRQ SRXYDQW rWUH DFFRUGp HVW GpODLV IL[pV HW VHORQ OHV FRQGLWLRQV SUHVFULWHV SDU OHV SODIRQQp j YLQJWVHSW PLOOH GLUKDPV '+ SDU KHFWDUH SURMHWV SHXYHQW EpQpILFLHU GH O¶DLGH ILQDQFLqUH GH O¶(WDW pTXLSp WHOOHTXHSUpYXHSDUOHSUpVHQWDUUrWp (Q FDV GH QpFHVVLWp GH UHFRXUV j OD FRQVWUXFWLRQ GH EDVVLQV ±/HV SHWLWV DJULFXOWHXUV WRXW DJULFXOWHXU H[SORLWDQW XQH SRXU OH VWRFNDJH GH O¶HDX G¶LUULJDWLRQ FH SODIRQG SHXW rWUH VXSHUILFLHLQIpULHXUHRXpJDOHjFLQT KHFWDUHV DXJPHQWp G¶XQ PRQWDQW FRUUHVSRQGDQW DX SODIRQG IL[p GDQV OH $57±/HV WDX[ HW OHV PRQWDQWV GHV SODIRQGV GH O¶DLGH WDEOHDX FLGHVVXV SRXU O¶DPpQDJHPHQW GH EDVVLQV GH VWRFNDJH GH ILQDQFLqUH GH O¶(WDW SRXU OHV SURMHWV G¶LUULJDWLRQ UpSRQGDQW DX[ O¶HDX&HWWHDXJPHQWDWLRQQHSHXWHQDXFXQFDVGpSDVVHUOHSODIRQG GLVSRVLWLRQVYLVpHVDX[DUWLFOHVSUHPLHUHWFLGHVVXVVRQWIL[pV GHTXLQ]HPLOOHGLUKDPV '+ SDUKHFWDUHpTXLSpSRXUFHV DLQVLTX¶LOVXLW SURMHWVG¶LUULJDWLRQORFDOLVpHUpDOLVpVjWLWUHLQGLYLGXHO
1±UDELL, %8//(7,12)),&,(/ ±3RXU OHV SURMHWV G¶LUULJDWLRQ ORFDOLVpH UpDOLVpV GDQV OH ±3RXUOHVSURMHWVG¶LUULJDWLRQGHFRPSOpPHQW FDGUHGHSURMHWVFROOHFWLIVRXUSDUOHVSHWLWVDJULFXOWHXUV 7$8; 7$8; '(6,*1$7,21'( 0217$17'8 '(6,*1$7,21'( 0217$17'8 HQ HQ /¶23(5$7,21 3/$)21' /¶23(5$7,21 3/$)21' '8&2Ó7 '8&2Ó7 &UHXVHPHQWHWFXYHODJHGHSXLWV '+PqWUH OLQpDLUH &UHXVHPHQWHWFXYHODJHGHSXLWV '+PqWUHOLQpDLUHGH GHSURIRQGHXU SURIRQGHXU &UHXVHPHQW HW FXYHODJH GH '+PqWUH OLQpDLUH &UHXVHPHQW HW FXYHODJH GH '+PqWUHOLQpDLUH IRUDJHV GHSURIRQGHXU IRUDJHV GHSURIRQGHXU )RXUQLWXUH HW LQVWDOODWLRQ GHV ±*URXSH GLHVLO )RXUQLWXUH HW LQVWDOODWLRQ GHV ±*URXSH GLHVLO pTXLSHPHQWV GH SRPSDJH GH '+NZ GH pTXLSHPHQWV GH SRPSDJH GH '+NZ GH O¶HDX \ FRPSULV OHV WUDYDX[ GH SXLVVDQFHLQVWDOOpH O¶HDX \ FRPSULV OHV WUDYDX[ GH SXLVVDQFHLQVWDOOpH JpQLH FLYLO HW OHV FRQVWUXFWLRQV ±*URXSHpOHFWULTXH JpQLH FLYLO HW OHV FRQVWUXFWLRQV ±*URXSHpOHFWULTXH G¶DEULV SRXU VWDWLRQV GH '+NZ GH G¶DEULVSRXUVWDWLRQVGHSRPSDJH '+NZ GH SRPSDJH SXLVVDQFHLQVWDOOpH HWOHPDWpULHOGHFRPSWDJHG¶HDX SXLVVDQFHLQVWDOOpH $PpQDJHPHQW GH EDVVLQV GH '+ SDU P GH $PpQDJHPHQW GH EDVVLQV GH '+ SDU P GH VWRFNDJH GH O¶HDX GHVWLQpH j FDSDFLWpGHVWRFNDJH VWRFNDJH GH O¶HDX GHVWLQpH j FDSDFLWp O¶LUULJDWLRQ \ FRPSULV OH O¶LUULJDWLRQ \ FRPSULV OH UHYrWHPHQW UHYrWHPHQW )RXUQLWXUH HW LQVWDOODWLRQ GH '+SDUKHFWDUH )RXUQLWXUH HW LQVWDOODWLRQ GH '+SDUKHFWDUH PDWpULHOV GH VWDWLRQ GH WrWH pTXLSp PDWpULHOV GH ILOWUDWLRQ GH O¶HDX pTXLSp ILOWUDWLRQGHO¶HDXG¶LUULJDWLRQGH G¶LUULJDWLRQ GH IHUWLJDWLRQ \ IHUWLJDWLRQ DFFHVVRLUHV GH FRPSULVFRQVWUXFWLRQG¶DEULV UDFFRUGHPHQW DSSDUHLOODJH GH FRQWU{OH HW GH UpJXODWLRQ )RXUQLWXUH HW SRVH GHV FRQGXLWHV '+SDUKHFWDUH DSSDUHLOODJH G¶DXWRPDWLVDWLRQ G¶DPHQpH HW GH GLVWULEXWLRQ GH pTXLSp PDWpULHO SRXU WpOp FRQWU{OH GHV O¶HDXG¶LUULJDWLRQGHVDVSHUVHXUV YDQQHVFRQWUHODYDJHGHVILOWUHV GHV SLYRWV GHV UDPSHV IURQWDOHV JHVWLRQ GH OD IHUWLJDWLRQ GHV HQURXOHXUV RX WRXW V\VWqPH FRPPDQGH GHV SRPSHV WpOp G¶LUULJDWLRQVLPLODLUH FRQWU{OHHWFRPSWDJHGHO¶HDX \ FRPSULVFRQVWUXFWLRQG¶DEULV 3RXUOHVSURMHWVG¶LUULJDWLRQGHFRPSOpPHQWOHPRQWDQWGHOD VXEYHQWLRQ SRXYDQW rWUH DFFRUGp HVW SODIRQQp j GL[KXLW PLOOH )RXUQLWXUH HW SRVH GHV FRQGXLWHV '+ SDU KHFWDUH GLUKDPV '+ SDUKHFWDUHpTXLSp G¶DPHQpH HW GH GLVWULEXWLRQ GH pTXLSp (Q FDV GH QpFHVVLWp GH UHFRXUV j OD FRQVWUXFWLRQ GH EDVVLQV O¶HDX G¶LUULJDWLRQ \ FRPSULV OHV DFFHVVRLUHV GH UDFFRUGHPHQW HW SRXU OH VWRFNDJH GH O¶HDX G¶LUULJDWLRQ FH SODIRQG SHXW rWUH DSSDUHLOODJHV GH FRQWU{OH HW GH DXJPHQWp G¶XQ PRQWDQW FRUUHVSRQGDQW DX SODIRQG IL[p GDQV OH UpJXODWLRQ WDEOHDX FLGHVVXV SRXU O¶DPpQDJHPHQW GH EDVVLQV GH VWRFNDJH GH O¶HDX&HWWHDXJPHQWDWLRQQHSHXWHQDXFXQFDVGpSDVVHUOHSODIRQG )RXUQLWXUHHWSRVHjODSDUFHOOHGHV '+SDUKHFWDUH GH GL[ PLOOH GLUKDPV '+ SDU KHFWDUH pTXLSp SRXU FHV WX\DX[ HW GLVWULEXWHXUV G¶HDX pTXLSp SURMHWVG¶LUULJDWLRQGHFRPSOpPHQW G¶LUULJDWLRQ \ FRPSULV OHV DFFHVVRLUHVGHUDFFRUGHPHQW &RQFHUQDQWOHVSURMHWVG¶pTXLSHPHQWHQV\VWqPHVG¶LUULJDWLRQ 3RXUOHVSURMHWVG¶LUULJDWLRQORFDOLVpHUpDOLVpVGDQVOHFDGUH GH FRPSOpPHQW OHV FXOWXUHV HW OHV ]RQHV pOLJLEOHV j OD VXEYHQWLRQ GHSURMHWVFROOHFWLIVRXSDUOHVSHWLWVDJULFXOWHXUVOHPRQWDQWGHOD VRQW IL[pHV SDU GpFLVLRQ FRQMRLQWH GHV PLQLVWUHV FKDUJpV GH VXEYHQWLRQSRXYDQWrWUHDFFRUGpHVWSODIRQQpjWUHQWHWURLVPLOOH O¶DJULFXOWXUHHWGHVILQDQFHV GLUKDPV '+ SDUKHFWDUHpTXLSp 3RXUEpQpILFLHUGHO¶DLGHILQDQFLqUHGHO¶(WDWOHVSURMHWVYLVpV (QFDVGHQpFHVVLWpGHUHFRXUV jODFRQVWUXFWLRQGHEDVVLQV GDQV OH SUpVHQW DUWLFOH GRLYHQW REOLJDWRLUHPHQW rWUH pTXLSpV HQ SRXU OH VWRFNDJH GH O¶HDX G¶LUULJDWLRQ FH SODIRQG SHXW rWUH DXJPHQWp G¶XQ PRQWDQW FRUUHVSRQGDQW DX SODIRQG IL[p GDQV OH V\VWqPHGHFRPSWDJHG¶HDX WDEOHDXFLGHVVXVSRXUO¶DPpQDJHPHQWGHEDVVLQVGHVWRFNDJHGH $57±3RXU OHV RSpUDWLRQV G¶DPpOLRUDWLRQ IRQFLqUH HW GH O¶HDX &HWWH DXJPHQWDWLRQ QH SHXW HQ DXFXQ FDV GpSDVVHU OH FROOHFWHGHVHDX[SOXYLDOHVOHVWDX[HWOHVPRQWDQWVGHVSODIRQGV SODIRQGGHGL[KXLWPLOOHGLUKDPV '+ SDUKHFWDUHpTXLSp SRXU OHV SURMHWV G¶LUULJDWLRQ ORFDOLVpH UpDOLVpV GDQV OH FDGUH GH GH O¶DLGH ILQDQFLqUH GH O¶(WDW YLVpH j O¶DUWLFOH SUHPLHU FLGHVVXV SURMHWFROOHFWLIVRXSDUOHVSHWLWVDJULFXOWHXUV VRQWIL[pVDLQVLTX¶LOVXLW
%8//(7,12)),&,(/ 1±UDELL, $UUrWp FRQMRLQW GX PLQLVWUH GH O¶DJULFXOWXUH HW GH OD SrFKH 7$8; '(6,*1$7,21'( 0217$17'8 PDULWLPH GX PLQLVWUH GH O¶LQWpULHXU HW GX PLQLVWUH GH HQ /¶23(5$7,21 3/$)21' O¶pFRQRPLH HW GHV ILQDQFHV Q GX VDIDU '8&2Ó7 MDQYLHU PRGLILDQWO¶DUUrWpFRQMRLQWQ (SLHUUDJH '+KD GXMRXPDGD, MXLOOHW IL[DQWOHVPRGDOLWpV GHO¶DLGHGHO¶(WDWHQYXHGHODFUpDWLRQGHYHUJHUV BBBBBBB 'pIRQFHPHQW '+KD /(0,1,675('(/¶$*5,&8/785((7'(/$3(&+(0$5,7,0( FROOHFWHGHVHDX[SOXYLDOHV '+KD /(0,1,675('(/¶(&2120,((7'(6),1$1&(6 $57±3RXU SRXYRLU EpQpILFLHU GH O¶DLGH ILQDQFLqUH /(0,1,675('(/¶,17(5,(85 DFFRUGpH SDU O¶(WDW YLVpH j O¶DUWLFOH SUHPLHU FLGHVVXV OHV 9XOHGpFUHWQGXMRXPDGD, MXLOOHW SRVWXODQWVGRLYHQWSUpDODEOHPHQWjODUpDOLVDWLRQGHOHXUVSURMHWV UpJOHPHQWDQWOHVHQFRXUDJHPHQWVGHO¶(WDWjODFUpDWLRQGHYHUJHUV GpSRVHU XQ GRVVLHU WHFKQLTXH DXSUqV GHV VHUYLFHV FRPSpWHQWV 9XO¶DUUrWpLQWHUPLQLVWpULHOQGXMRXPDGD, UHOHYDQW RX SODFpV VRXV OD WXWHOOH GX PLQLVWqUH FKDUJp GH MXLOOHW IL[DQWOHVPRGDOLWpVGHO¶DLGHGHO¶(WDWHQYXHGH O¶DJULFXOWXUHSRXUH[DPHQHWDSSUREDWLRQ ODFUpDWLRQGHYHUJHUVWHOTX¶LODpWpPRGLILpHWFRPSOpWp $57±/D FRQVWLWXWLRQ HW OHV PRGDOLWpV GH GpS{W HW $55Ç7(17 G¶LQVWUXFWLRQ GHV GRVVLHUV WHFKQLTXHV HW GHV GHPDQGHV GH VXEYHQWLRQDLQVLTXHOHPRGHGHGLVWULEXWLRQGHO¶DLGHILQDQFLqUH $57,&/( 35(0,(5±/¶DUWLFOH SUHPLHU GH O¶DUUrWp FRQMRLQW DFFRUGpHSDUO¶(WDWVHURQWIL[pVSDUXQHLQVWUXFWLRQFRQMRLQWHGX VXVYLVp Q GX MRXPDGD , MXLOOHW HVW PLQLVWUHGHO¶DJULFXOWXUHHWGHODSrFKHPDULWLPHHWGXPLQLVWUHGH PRGLILpDLQVLTX¶LOVXLW O¶pFRQRPLHHWGHVILQDQFHV ©$UWLFOHSUHPLHU±/H WDX[ GH OD VXEYHQWLRQ SRXU O¶DFKDW GH $57±/HV VXEYHQWLRQV QH VRQW DFFRUGpHV TX¶DSUqV ©SODQWVSUpYXjO¶DUWLFOHGXGpFUHWQGXMRXPDGD, FRQVWDWDWLRQGHODUpDOLVDWLRQGHVDPpQDJHPHQWVHWYpULILFDWLRQGH © MXLOOHW HVWIL[pSDUHVSqFHFRPPHVXLW OHXU FRQIRUPLWp DYHF OHV pOpPHQWV GX GRVVLHU WHFKQLTXH GPHQW ©3RXU OD FUpDWLRQ GH YHUJHUV KRPRJqQHV G¶ROLYLHU OD DSSURXYp SDU OHV VHUYLFHV FRPSpWHQWV UHOHYDQW RX SODFpV VRXV OD ©VXEYHQWLRQ HVW DFFRUGpH GLUHFWHPHQW DX[ DJULFXOWHXUV WXWHOOH GX PLQLVWqUH FKDUJp GH O¶DJULFXOWXUH FRQIRUPpPHQW DX[ ©FRQIRUPpPHQWDXWDEOHDXFLDSUqV GLVSRVLWLRQVGHO¶DUWLFOHFLGHVVXV $57±/HSUpVHQWDUUrWpDEURJHOHVGLVSRVLWLRQVGH 0217$17'(/$68%9(17,21 02'('(&21'8,7( '++D ±O¶DUUrWp FRQMRLQW GX PLQLVWUH GH O¶DJULFXOWXUH HW GH OD UpIRUPH DJUDLUH GX PLQLVWUH GH O¶LQWpULHXU HW GX PLQLVWUH GHVILQDQFHVQGXMRXPDGD, HU IpYULHU ±3RXUOHVSODQWDWLRQVHIIHFWXpHV IL[DQW OHV PRGDOLWpV GH O¶DLGH GH O¶(WDW HQ YXH GH GXUDQWOHVFDPSDJQHVDJULFROHV O¶DPpQDJHPHQW GHV SURSULpWpV DJULFROHV WHO TX¶LO D pWp HW PRGLILpHWFRPSOpWpHWGH ,UULJXpH HQ JRXWWH j JRXWWH ±3RXUOHVSODQWDWLRQVHIIHFWXpHV ±O¶DUUrWp FRQMRLQW GX PLQLVWUH GH O¶DJULFXOWXUH GX GHQVLWp! SODQWVKD GXUDQWOHVFDPSDJQHVDJULFROHV GpYHORSSHPHQWUXUDOHWGHVSrFKHVPDULWLPHVGXPLQLVWUH HW GH O¶LQWpULHXU HW GX PLQLVWUH GHV ILQDQFHV HW GH OD SULYDWLVDWLRQQGXUDPDGDQ RFWREUH ±$XGHOj IL[DQW OHV PRGDOLWpV GH O¶DLGH GH O¶(WDW HQ YXH GH O¶DPpQDJHPHQW GHV SURSULpWpV DJULFROHV HQ V\VWqPHV ,UULJXpH VDXI JRXWWH j JRXWWH G¶LUULJDWLRQORFDOLVpHRXGHFRPSOpPHQW GHQVLWp! SODQWVKD 7RXWHIRLV UHVWHURQW VRXPLV DX[ GLVSRVLWLRQV GHV DUUrWpV FRQMRLQWV VXVYLVpV OHV GRVVLHUV SRXU OHVTXHOV OD GHPDQGH GH 3ODQWDWLRQV FRQGXLWHV HQ ERXU VXEYHQWLRQDpWpGpSRVpHDYDQWODGDWHGHSXEOLFDWLRQGXSUpVHQW GHQVLWp! SODQWVKD DUUrWpDX©%XOOHWLQRIILFLHOª $57±/HVGLVSRVLWLRQVGXSUpVHQWDUUrWpVRQWDSSOLFDEOHV ©3RXUOHSURJUDPPHDQQXHOGXPLQLVWqUHGHO¶DJULFXOWXUHHW SRXUXQHSpULRGHGHDQQpHVTXLFRPPHQFHjSDUWLUGHODGDWHGH VDSXEOLFDWLRQDX©%XOOHWLQRIILFLHOª ©GH OD SrFKH PDULWLPH UHODWLI j OD GLVWULEXWLRQ GHV SODQWV DX[ $57±/HSUpVHQWDUUrWpFRQMRLQWVHUDSXEOLpDX%XOOHWLQ ©DJULFXOWHXUVOHWDX[GHVXEYHQWLRQHVWGHGXSUL[GHYHQWH RIILFLHO ©GHVSODQWVFHUWLILpVG¶ROLYLHUG¶DPDQGLHUHWGHVSODQWVFHUWLILpV 5DEDWOHVDIDU MDQYLHU ©RX FRPPXQV GH ILJXLHU FDURXELHU SLVWDFKLHU GH QR\HU GH /HPLQLVWUHGHO¶DJULFXOWXUH /HPLQLVWUHGHO¶pFRQRPLH ©JUHQDGLHUGHFHULVLHUHWGHQpIOLHUYHQGXVSDUOHVSpSLQLpULVWHV HWGHODSrFKHPDULWLPH HWGHVILQDQFHV ©DJUppVSDUO¶(WDW $=,=$.+$1128&+ 6$/$+('',1(0(=28$5 ©7RXWHIRLVFHWWHGLVWULEXWLRQHVWUpVHUYpHDX[]RQHVTXLQH /HPLQLVWUHGHO¶LQWpULHXU ©VRQWSDVFRQFHUQpHVSDUOHVSURJUDPPHVGHSODQWDWLRQUpDOLVpV 7$,(%&+(54$28, ©SDUO¶(WDW