3. MOROCCO’S POLICY FRAMEWORK FOR INVESTMENT 2.2. Investment promotion agency Has the government established an investment promotion agency (IPA)? To what extent has the structure, mission, and legal status of the IPA been informed by and benchmarked against international practices? Is the IPA adequately funded and is its performance in terms of attracting investment regularly reviewed? What indicators have been established for monitoring the performance of the agency? The Moroccan authorities are completing work on a major reform that will rationalise and make more effective the institutional framework for investment promotion and facilitation. The principal bodies responsible at the national level for investment promotion are the Investment Commission and the Moroccan Investment Development Agency (Agence marocaine de développement des investissements – AMDI), established in February 2009, which among other functions will take over the principal duties of the Investment Directorate. The 16 regional investment centres (Centres régionaux d’investissement – CRI)