Finance Headlines Morocco

Morocco Gets €200 Mln Funding from AfDB to Improve Employment Opportunities for Women & Young People

The African Development Bank has approved €200 million funding for the implementation of Morocco’s “Cap Compétences 2030” program designed to improve employment opportunities for young people and women.

The Bank’s funding will enable the country to strengthen the quality and diversity of vocational training through the digitalization of services, the large-scale rollout of learning systems, and stronger labor market integration mechanisms.

Cap Compétences 2030 focuses on skills development & strategic partnerships; inclusive training aligned with business needs; and digital transformation, supported by stronger institutional and operational capacity.

Through its support of this initiative, the African Development Bank contributes to advancing training opportunities and enhancing the professional integration of beneficiaries into the labor market.

Achraf Tarsim, the Bank’s Country Manager for Morocco, described the program as anchored in both Morocco’s National Employment Roadmap for 2025-2030 and in the AfDB Group’s Four Cardinal Points strategic framework. He emphasized the shared objective of harnessing Morocco’s demographic dividend as a driver of value creation and employment, with a particular focus on young people and women — the two segments where the gap between labor market potential and actual participation is widest.

The Bank’s intervention is designed to complement and reinforce support from other technical and financial partners working across Morocco’s employment and training system, with coordination mechanisms built into the program design to avoid duplication and maximize complementarity. The results-based financing structure ties disbursements to the achievement of pre-defined outcome targets, creating direct incentives for institutional performance and reform continuity.

Since it began operations in Morocco in 1978, the AfDB has injected nearly $15 billion in projects and programs carried out in strategic sectors such as education, health, employment, infrastructure, energy, transport, social protection, water, agriculture, governance and finance.

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