The European Commissioner responsible for EU’s Neighborhood and Enlargement policy, Oliver Várhelyi, and the Moroccan Deputy Minister responsible for the Budget, Fouzi Lekjaa, signed several cooperation programs on Thursday in Rabat worth a total of 5.5 billion dirhams, almost 500 million euros.
These programs will support Morocco’s significant reform projects. “Morocco is and will remain an important partner for the European Union,” said the European Commissioner responsible for the Neighborhood and Enlargement in a press release.
Five programs will support Morocco’s top priorities, which include social protection, green transition, access to finance, public administration, and youth employment.
A program in support of Morocco’s national strategy for migration and mobility is also included.
Breakdown of the projects
The “KARAMA” program, worth 1.43 billion dirhams (130 million euros), aims to support the strengthening of social protection.
The “Terre Verte” program, worth 1.26 billion dirhams (115 million euros), aims to support the green, inclusive, and innovative aspects of two national strategies in agriculture and forestry, as well as improve decent employment, “green” entrepreneurship, and social coverage for workers in rural areas.
The program worth 550 million dirhams (50 million euros) will support public administration reform.
A program worth 1.67 billion dirhams (152 million euros) will strengthen the management of Morocco’s borders and the integration of migrants and refugees, in accordance with the National Immigration and Asylum Strategy.
A program worth 561 million dirhams (51 million euros) will support the Moroccan National Strategy for Financial Inclusion, which aims to increase access to financing for small and medium-sized enterprises (SMEs) and start-ups. The program will particularly target vulnerable populations such as young people, women, and people living in rural areas.
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