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AFD: € 150 million loan for the economic integration of young people

Morocco and the French Development Agency (AFD) signed two financing agreements in Paris on Thursday to promote the regionalization of public policies.

A loan of 150 million euros for the economic integration of young people as well as a subsidy of 9 million euros intended to support the regionalization of the Moroccan migration policy. The two conventions were signed on the occasion of the 14th French-Moroccan High Level Meeting, co-chaired by the Head of Government, Saad Eddine El Othmani and the French Prime Minister Edouard Philippe.

“These two financings support a common objective, namely to encourage the territorialization of public policies within the framework of the implementation of advanced regionalization,” explains AFD. The four-year economic integration program for young people is part of the National Employment Promotion Plan sponsored by the Ministry of Labor and Professional Integration. It will be financed by AFD thanks to a loan of 150 million euros and by the European Union, via a donation of 14.6 M € dedicated to the technical assistance of regional actors of employment and entrepreneurship, details the same source.

The program aims to improve young people’s access to employment and to stimulate entrepreneurship in three regions: Rabat-Salé-Kénitra, Tanger-Tétouan-Al Hoceima and Souss-Massa, AFD said, adding that all the levers of professional integration will be mobilized in order to improve the employability of young people, strengthen the intermediation and promotion of entrepreneurship services, but also support the convergence of public policies at the territorial level.

As for the 9 million euros grant mobilized by AFD to support the regionalization of Moroccan migration policy, it is implemented by Expertise France and will target two regions: Souss-Massa and Oriental. “The first component will facilitate dialogue between actors working with Moroccans abroad and regularized migrants and provide them with social and administrative support. The second will contribute to the funding of regional projects related to the migration theme carried out by local actors”, indicates the same source. In addition, the project aims to improve gender equality in access to services for Moroccans living abroad and regularized migrants.

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