The funds will be granted under a Moroccan-Belgian project dubbed “Supporting Youth Entrepreneurship Development in Morocco.”
The project, whose related agreement was signed on Wednesday in Rabat, will focus in a first phase on four regions: Beni Mellal-Khenifra, the eastern region, Fez-Meknes and Draa-Tafilalet.
The program, initiated since 2016 by the Belgian Development Agency (ENABEL) in cooperation with the Moroccan employment ministry, falls in line with long-term bilateral cooperation and the strategic objectives aimed at strengthening economic integration mechanisms and promoting youth employment.
This project is based on two Moroccan strategies, namely the National Integrated Youth Strategy and the 2017-2021 National Employment Promotion Plan. It is also based on a firm framework developed in collaboration with all stakeholders, Belgium’s ambassador to Morocco Marc Trenteseau said during the agreement signing ceremony.
Trenteseau emphasized the importance of this project, which will promote the employment of young people, particularly in rural areas, and will build their entrepreneurial capacities.
It will involve Belgian and Moroccan agencies, including Morocco’s ANAPEC and the Belgian Cooperation Agency, he added.