Monday, May 20

French Development Agency grants Morocco loan of USD165 million

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MENAFN

According to official news agency MAP on Friday, the French Development Agency (AFD) funded Morocco a loan of USD165 million to fund a program of youth employment.

MAP said that, AFD also funded Morocco USD9.9 million to help a migration procedure in the North African country.

Both deals were signed on Thursday in Paris on the sideline of the 14th gathering of Morocco-France High-level Commission, co-chaired by Moroccan Prime Minister Saadeddine Othmani and his French counterpart Edouard Philippe.

The joint declaration said that, “France considers Morocco a major partner for stability, peace, growth and development.”

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