To set this edition by default, click on: English  | عربي  - Français           
Related Articles :

MCC Board Approves $ 450 million Aid for Morocco

Source : | 19 September 2015 |  Economy | 1177 views


(adsbygoogle = window.adsbygoogle || []).push({});

Taroudant – The Millennium Challenge Corporation (MCC) Board approved on Thursday in Washington a second financial aid package for Morocco worth $ 450 million, said a statement from the MCC.

Under the Compact, approved at the quarterly meeting of the MCC, Morocco will benefit from this financial assistance to develop an open economy, to increase productivity and improve employment in high-growth sectors like fruit tree productivity, fisheries and artisan crafts.

According to the MCC Board, the $450 million Employability and Land Compact “will support two Moroccan Government priorities: high-quality education and land productivity.”

“An employability project is designed to improve the quality, relevance and equitable access of secondary education and vocational skills training; and a land project will help rural and industrial land markets better respond to investor demand, and modernize property rights policies,” explains the MCC Board.

“The Government of Morocco has demonstrated a strong commitment to the reforms outlined in our compact, and we look forward to together creating opportunity for the Moroccan people,” MCC CEO Dana J. Hyde.

This new compact comes after the successful completion of Morocco’s first compact in September 2013.

Created by the U.S. Congress in January 2004, the Millennium Challenge Corporation is an innovative and independent U.S. agency that is working to reduce global poverty through economic growth.

(adsbygoogle = window.adsbygoogle || []).push({});

Join the Conversation. What do you think?

if (!window.OX_ads) { OX_ads = []; }
OX_ads.push({ “auid” : “537926104″ });


Click to read the article from its source.

Related Articles :

   No comments for this article, be the first to comment “ MCC Board Approves $ 450 million Aid for Morocco”

Post comment

The views expressed in comments reflect the opinions of their posters and not of Marocpress’s

MarocPress TV


Top Articles

Daily Snapshot

More ...


Ahram OnlineAljazeeraAllafricaANSA medCNNGoalmarocpressMiddle East OnlineMorocco boardMorocco TomorrowMorocco world newsOman TribuneThe Africa Reportthe Starzawya