Rabat – The French Development Agency (AFD) extended Morocco a loan of 50 million Euros to finance a “Job-skills development” program.
The loan convention was signed on Wednesday by economy and finance minister, Mohammed Boussaid, and AFD general manager, Anne Paugam, currently on a visit to the Kingdom.
The loan will be used to improve the job market-education adequacy, and the efficiency of intermediation services.
In addition to the loan, AFD finances a technical assistance, worth 500,000 Euros, to consolidate employability, professional integration of vocational training graduates and expand the number of recipients of job-intermediation services.
