Wednesday 5 November 2014

Morocco, EU Sign MoU On 2014-2017 Single Support Framework For MAD 8 To 10 Billion Indicative Allocation

Vocal synthesis
Morocco, EU Sign MoU On 2014-2017 Single Support Framework For MAD 8 To 10 Billion Indicative Allocation

 Morocco and the European Union (EU) signed Wednesday in Rabat a memorandum of understanding on a new cooperation framework between the Kingdom and the EU for the period 2014-2017 - Single Support Framework Morocco - for an indicative allocation of MAD 8 to 10 billion.

   Signed by Morocco's Economy and Finance minister Mohammed Boussaid and the EU's ambassador to Morocco Rupert Joy, this new envelope will finance 3 priority sectors: equitable access to basic social services (30 %), Support to democratic governance, the rule of law and mobility (25 %) and jobs, sustainable and inclusive growth (25 %). 

   Besides these priority sectors, a capacity development envelope and a civil society envelope are foreseen (20 %).

   Speaking on this occasion, Boussaid noted that the priority sectors of this agreement were defined according to the EU's cooperation goals and the strategic priorities of the Kingdom.

   "These funds will strengthen the strategic choices of Morocco in various areas, particularly in the political and socio-economic ones", the minister added. 

   For his part, the EU's official noted said this new envelope translates the EU's recognition of the uniqueness of its partnership with Morocco and reflect its commitment to support the Moroccan government in its efforts to meeting the Moroccan people's aspirations and giving a concrete shape to the reforms initiated in 2011.

   The 2014-2017 Single support framework was reached following comprehensive consultations with the Moroccan government, civil society and other donors, and taking into account the government's reform priorities and aid effectiveness principles, according to the EU.

   Morocco, one of the EU's main political, economic and security partner in the southern Mediterranean, holds a central role in regional cooperation in the Maghreb and remains one of the largest recipients of EU assistance as part of the European Neighbourhood Policy(ENP).  

MAP 05 November 2014