AFD supports social, solidarity economy in Morocco with a €1.5 million grant
The French Development Agency (AFD) has agreed to provide a €1.5 million (MAD 16 million) grant to the Moroccan Ministry of Tourism, Air Transport, Handicrafts and Social Economy, to help reinforce the social and solidarity economy (SSE) framework in Morocco.
The financial aid is aimed at helping the ministry strengthen the national legal mechanisms of Morocco’s SSE, i.e. enterprises that produce goods and services, while also pursuing social aims.
The grant will allow the ministry to update the legal framework surrounding SSE, especially in the context of the post-COVID-19 economic recovery.
The assistance will consist of three essential stages: A diagnostics study and the mobilization of stakeholders; updating the legislative text and implementing the changes; and establishing support mechanisms for social innovation.
Minister Nadia Fettah Alaoui who attended the signing ceremony explained that the development of SSE in Morocco runs in parallel to the achievements of the National Human Development Initiative, a program launched in 2005 in order to raise the standards of living on a national level.
French Ambassador to Morocco Helene Le Gal, and the director of AFD in Rabat Mihoub Mezouaghi also attended the signing ceremony.