RABAT– The African Development Bank (AfDB) has approved a 200-million-Euro loan to support inclusive and sustainable development of agricultural value chains in Morocco.
This will in turn support the creation of jobs in rural areas by developing inclusive value chains to increase the sustainability and effectiveness of jobs created through green governance and water resource management. It will also finance the implementation of agriculture, environment, employment and vocational training strategies, the Abidjan-headquartered Bank said in a media statement received here Tuesday.
The Support Programme for the Inclusive and Sustainable Development of Agricultural Value Chains (PADIDFA) is aligned with three of the Bank’s five strategic priorities — Feed Africa, which will have a catalytic effect on the two others, to improve the quality of life for the people of Africa and to industrialize Africa.
It is also integral to the Country Strategy Paper 2017-2021 for Morocco where the second pillar focuses on improving living conditions through employment for young people and women living in rural areas, the Bank said.
“Creating employment and, in particular, sustainable and quality employment for rural youth and women, is a strategic priority for the African Development Bank in North Africa”, the AfDB statement quoted Mohamed El Azizi, its Director-General for North Africa, as saying.
Leila Farah Mokaddem, the Bank’s country manager for Morocco, said: “This project is an important contribution to the implementation of the Green Morocco Plan. We are moving from a logic of production to one of transformation with greater added value.
“Specifically, this project will bring the level of agricultural exports to 45 billion dirham (about 4.76 billion US dollars) by 2030 and save 990 million cubic metres of water. We also anticipate that by 2020 it will mobilize more than 4.0 billion dirham of private investment for the agriculture sector, ultimately creating tens of thousands of jobs for young people and women in rural areas.”
Source: NAM NEWS NETWORK