Concluded by the Minister of Tourism, Crafts, Air Transport and Social Economy Nadia Fettah Alaoui, the Ambassador of France to Morocco Hélène Le Gal and the Director of AFD in Rabat Mihoub Mezouaghi, the objective of this agreement is to set up technical assistance intended to support the ministry in updating the draft framework law in favor of social and solidarity-based economy with a view to further developing its economic potential and adapting it to the new challenges of the recovery.

This technical assistance is based on three key stages, namely a diagnostic study and the mobilization of the actors of the social and solidarity-based economy ecosystem, the updating of the framework law, the text of the law and its implementing decrees, as well as support for the establishment of social innovation support mechanisms for the said economy.

The government, aware of the potentials and opportunities offered by the social and solidarity-based economy sector, is committed to the promotion and development of this sector, as a local economy, through sectoral policies and strategies, said Fettah Alaoui in a statement to the press during the signing ceremony of this agreement.

This is a dynamic spurred by the advent of the National Initiative for Human Development, placing social and solidarity-based economy companies at the center of the human development process, she said, noting that this dynamic is reinforced by the ministry's strategy, which is based on a participatory approach that aims to initiate a real change of scale through the promotion of collective and social entrepreneurship and to preserve the values ​​and principles that drive this economy.

To this end, the Minister stressed that the ambition for this framework bill is to establish incentive measures in terms of financing, monitoring, good governance, training, sharing of expertise and social innovations and a repositioning on strategies and other laws in force, said Fettah Alaoui.

For her part, Ms. Le Gal welcomed this new partnership between Morocco and AFD, which will first and foremost highlight the Moroccan and French experiences for capitalization in matters of law and governance of the social and solidarity-based economy.

For his part, Mezouaghi noted that the potential of the social and solidarity-based economy is probably underestimated, since it is often reduced to the sole fabric of agricultural cooperatives, noting that entrepreneurship, housing, health and education are also key components of this sector, whose contribution can reach 12 to 15% of GDP in certain European countries.