Highlights

Signing of a loan agreement of $ 96.6 million to fund the Results-Oriented Program for Improving Access to Employment : 12/02/2019

Signing of a loan agreement of $ 96.6 million to fund the Results-Oriented Program for Improving Access to Employment

Mr. Mohamed BENCHAABOUN, Minister of Economy and Finance proceeded on Tuesday, February 12, 2019 in Rabat, along with Mrs. Leila FARAH MOKADDEM, Resident Representative of the African Development Bank National Office in Morocco, to the signing of a loan agreement of 96.6 million dollars (about 923 million dirhams) to finance the Results-Based Program for Improving Access to Employment (PARAAE).

This ceremony was held in the presence of Mr. Mohamed YATIM, Minister of Employment and Vocational Integration. This Program supports the National Employment and Vocational Training Strategies as well as the National Employment Promotion Plan, and aims to contribute to improving the living conditions of the Moroccan population through inclusive access to employment and the development of skills.

On this occasion, the Minister of Economy and Finance was pleased by the level and quality of cooperation relations between Morocco and the African Development Bank, and thanked this institution which is represented by Mrs. Leila FARAH MOKADDEM, for the invaluable and constant support it provides to Morocco for the implementation of the necessary structural reforms.

At the end of this signing, the Minister of Economy and Finance and Mrs. Leila FARAH MOKADDEM reaffirmed their willingness to work more to strengthen this exemplary cooperation.