MCC grants $697.5m to fight poverty in Morocco
2007-08-12
The Millennium Challenge Corporation's Board of Directors approved $697.5m, the greatest amount ever granted by the US development fund, to fight poverty in Morocco, MAP reported on Saturday (August 11th). The overall goal of the funds is to help fight poverty by stimulating economic growth through increased productivity and job creation. According to MAP, the grant is expected to directly benefit 600,000 Moroccan families and raise Morocco's GNP by about $118 million annually. The Corporation has allotted $300.9 million for arboriculture projects, $116.17 million to upgrade small-scale fishing activities and $111.87 million for a project called "Artisans and the Medina of Fes", which targets the handicrafts and tourism sectors. The Corporation has also designated $46.2m to improve financial services and $33.85m to support SMEs that ensure employment for young graduates. $88.5 million has been earmarked to monitor the programmes.
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acharif moulay abdellah bouskraoui Posted 2007-08-12
The Royal Initiative for Human Development deserves encouragement and to be shouldered through for the good of the poor. They have such great trust in this initiative, which could take on this challenge for the happiness of Moroccan, especially those who are impoverished and who suffer the most. This is an initiative that shows the entire world both the King's and Morocco’s desire to make Morocco a state of human rights and dignity.
Lamrini_c@yahoo.fr Posted 2007-08-12
To combat poverty in Morocco, we need to think about scientific research, which is the basis for development, in the field of experimental sciences.
moha Posted 2007-08-14
god bless america and thanks to US development fund this really give us hope and light to our future.and we wish the money will reach the right target and miss darkside hands .
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