The financial support is part of the Euro-Moroccan Partnership for Shared Prosperity.
Rabat – The European Commission granted Morocco €389 million as part of its support for Moroccan reforms, inclusive development, and border management, on Friday, December 20.
The financial support will contribute to the development of the “Euro-Moroccan Partnership for Shared Prosperity” announced at the end of the 14th meeting of the Morocco-EU Association Council held in Brussels on June 27.
“Morocco has long been a privileged partner of the European Union with which we share our borders and aspirations”, stressed the EU high representative for foreign affairs and security policy, Josep Borrell.
A European Commission statement quoted Borell, who said: “Under the leadership of King Mohammed VI, Morocco has made important modernization steps and has made rapprochement with Europe a strategic choice.”
He affirmed that “faced with common challenges, the time has come to give new impetus to our relations with deeper and more diversified cooperation, including Africa, to connect our futures and bring our people closer together.”
Meanwhile, the European commissioner for European neighborhood policy and enlargement, Oliver Varhelyi, noted that “Morocco plays a crucial role as a partner of the European Union.”
Varhelyi added that the European Commission will support Morocco in achieving sustainable and inclusive growth, fighting irregular migration networks, and improving the protection of migrants.
He concluded that the EU will continue assisting Morocco to address its social and economic issues.
On December 11, the EU gave Morocco an installment of €101.7 million of funds promised in 2018 to fight illegal immigration and human trafficking.