Morocco and the MCC have signed a new five-year $450m compact for development, focusing on employability and land markets:
The U.S. Government’s Millennium Challenge Corporation (MCC) and the Government of Morocco marked the beginning of the Employability and Land Compact Thursday in Rabat. The $450 million MCC compact seeks to overcome constraints to economic growth and investment in Morocco by investing in high-quality education and land productivity. The event included remarks by MCC CEO Dana J. Hyde, the Moroccan Head of Government Abdelilah Benkirane, and U.S. Ambassador to Morocco Dwight L. Bush Sr.
The new compact supports two Moroccan Government priorities: the Employability Project aims to address the supply of skilled labor by providing graduates from secondary schools and workforce development programs with skills that respond to private sector needs; and the Land Project focuses on improving land markets to create opportunities for investment by landholders and business owners…[FULL STORY]