Belgium will allocate 3 million euros, over four years, to promote jobs and youth self-employment in Morocco, under a Moroccan-Belgian project.
Dubbed “Supporting Youth Entrepreneurship Development in Morocco”, the project, whose agreement was signed on Wednesday in Rabat by minister of employment Mohamed Yatim and Belgium’s ambassador to Morocco Marc Trenteseau, seeks to encourage young people venture into entrepreneurship and ensure economic sustainability for businesses.
The project will focus in the beginning on four regions: Beni Mellal-Khenifra, the eastern region, Fez-Meknes and Draa-Tafilalet.
According to Yatim, the said program, which the Belgian Development Agency (ENABEL) has initiated and developed since 2016 in collaboration with the Ministry, is in line with long-term bilateral cooperation and the strategic objectives aimed at strengthening economic integration mechanisms and promoting youth employment. Speaking on this occasion, he underlined that this collaboration coincides with the development and implementation of the National Plan for the Promotion of Employment (PNPE), adopted by the Council of government in September 2017, recalling that it is characterized by a global and integrated approach involving the economic, financial, budgetary and institutional dimensions. 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. This project, which is based on two Moroccan strategies, namely the National Integrated Youth Strategy and the 2017-2021 National Employment Promotion Plan, is based on a solid framework developed in collaboration with stakeholders, he said. It will involve Belgian and Moroccan agencies, including Morocco’s ANAPEC and the Belgian Cooperation Agency, he added.