The Board of Directors of the African Development Bank Group has approved €200 million in financing for the implementation of the “Cap Compétences 2030” program, aimed at improving employment opportunities for young people and women.
This results-based financing is designed to strengthen the relevance, quality, and diversity of vocational training through the digitalisation of services, the large-scale rollout of learning systems, and stronger labour market integration mechanisms, says the Bank in a statement published on Thursday.
“Cap Compétences 2030” is built around three pillars, namely skills development and strategic partnerships; inclusive training aligned with business needs; and digital transformation, supported by stronger institutional and operational capacity.
The program will also consolidate existing mechanisms while improving both their efficiency and reach.
This programme reflects the Bank’s long-term engagement in Morocco in the areas of human development, employment, and social inclusion. It also builds on a broader portfolio of results-based operations that contribute to structural reforms of the labour market and vocational training system.
Since its establishment, the African Development Bank Group has mobilised more than €15 billion across strategic sectors in Morocco, including education, health, employment, infrastructure, energy, and governance.
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