Compact II" Program: Financial Implementation Rate Exceeds 75%

Compact II" Program: Financial Implementation Rate Exceeds 75% - MCA-Morocco

27 avril 2021 Printable Version

Rabat - The financial implementation rate of the "Compact II" program currently stands at 75.1%, which is equivalent to nearly 338 million dollars, said Tuesday in Rabat Director-General of the MCA-Morocco Agency, Malika Laasri.

During the 11th session of the Strategic Orientation Council (COS) of the Agency, held under the chairmanship of Mohamed Benchaaboun, Minister of Economy, Finance and Administration Reform, Laasri presented a detailed progress report on the implementation of the "Compact II" program.

Compact II is a $ 450 million cooperation program, concluded in 2015 between the governments of Morocco and the United States and represented by the Millennium Challenge Corporation (MCC).

The session was also devoted to the follow up of the resolutions taken during the previous session of the Strategic Orientation Council and the approval of resolutions part of the implementation of projects, the same source said.

On this occasion, the President of the Council welcomed the significant progress made in the implementation of various activities under Compact II, which aims to improve the quality of human capital and land productivity.

Under the compact, the "Secondary Education" activity has recorded the launch of three new mobile apps to facilitate access to services of the "Massar" information system, the delivery of teaching equipment in the three beneficiary regions and the launch of the training program of 6,000 educational and administrative staff, among other things.

The "Vocational Training" activity was marked by the launch of the procedure for the acquisition of equipment for the benefit of Training facilities and the development of the training plan for administrative and technical-pedagogical staff.

The "Employment" activity has seen the training of 3,851 beneficiaries of the Employment Program through results-based financing.

During this meeting, MCC Resident Director in Morocco, Richard Gaynor described as honorable the achievements made during the last quarter as, praising the commitment and support of all partners.

At the end of this meeting, the Council approved a series of resolutions, which mainly concern the approval of agreements concluded within the framework of the execution of Compact projects and the Agency's Procurement Program as updated.