French financial institution agrees to loan Morocco €100 million to boost socio-economic development

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Agence Française de Développement to aid Morocco Credit: Twitter

French financial institution agrees to loan Morocco €100 million to boost socio-economic development

THE Agence Française de Développement (AFD) a public financial institution that implements the policy defined by the French government has loaned Morocco €100 million to enable the country to enhance the performance of local councils, boost local socio-economic development and improve community public service. In a statement, the AFD said the funding follows a World Bank financial contribution of €272 million provided last year to strengthen Morocco’s municipalities.
The plan also seeks to improve the role of local administrations in providing public services, strengthen the administrations’ governance, and build a strong relationship between local public institutions and residents.
The statement noted that, in addition to the financial support, the five year-programme would also provide non-financial support, through technical assistance and capacity building adapted to the needs of each group.
The programme will also contribute to developing cooperation and partnership between local communities, in order to improve the efficiency of some of the main public services such as public transport and waste management.




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