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(ANSAmed) - TUNIS, JUNE 26 - The African Development Bank (AfDB) approved a 66 million loan to fund the third phase of a Moroccan program to support public administration reform. The program, known as PARAP III, is aimed to strengthen public finance management, improve efficiency in human resources management, control the civil service wage bill and streamline procedures and introduce e-government, Map news agency reports. PARAP is meant to promote strong economic growth and sustainable development in order to strengthen the competitiveness of the economy while ensuring medium-term macro-economic viability. The reforms provided for in the program, since inception in 2003, are due to yield fruits by 2009. Main expectations include expanding the budget management pilot experiences to the entire administration, and completing the new human resources management system (HRM). Up to now, the program has been instrumental in bringing inflation under control, thus resulting in a surplus balance of payments, significant international reserves, reduced public debt GDP ratio and reduced budget deficit. Since the launch of its activities in Morocco in 1970, AfDB has granted Morocco a total of 5.34 billion euro to fund 96 projects and programs. (ANSAmed).