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Tuesday, April 23, 2024

Moroccan Youth Have Potential to Transform Economy (MCC CEO)

CEO of the Millennium Challenge Corporation, Alice Albright, stressed, Monday in Casablanca, that the MCC recognizes the potential of Moroccan youth to transform the economy.

“At MCC, we recognize the potential of Moroccan youth to transform the economy and I am confident that through investment in education, this potential could be fulfilled,” said Ms. Albright during a field visit to the Institute of Training in Transport and Logistics (IFMTL) in Nouaceur.

On this occasion, the MCC CEO said she was very pleased to witness the important work done for the creation of this institute which benefits from the support of the “Charaka” Fund set up by the “Compact II” cooperation program concluded between Morocco and the United States, and whose implementation is entrusted to the Millennium Challenge Account-Morocco (MCA-Morocco).

“I lead a large delegation of the U.S. Government that includes senior officials representing 10 departments and agencies as the U.S. private sector. This is an opportunity to revitalize our partnerships across the continent and there is no better place to celebrate these partnerships than Morocco, where our relationship dates back to 2006.

The MCC, through MCA-Morocco, has invested more than $1 billion in funding two Compacts in Morocco, Albright recalled. “We are very proud to partner with the Government of Morocco on projects and reforms that will impact hundreds of thousands of Moroccans.”

In 2017, the MCC and the government of Morocco launched the implementation of the $460 million MCC Compact. “Through this project, we are working together to increase land productivity and prepare Moroccan youth for the job market,” Albright said.

“Along with our government partners, our model recognizes that collaboration with the private sector is a critical component of this mission. By working together on vocational training centers like these, we can ensure that businesses can employ young people with the skills they need and that students can find secure employment after graduation,” she added.

The 15 technical and vocational training centers we are building together through the Charaka Fund will enhance the quality and relevance of workers’ knowledge and skills while using a new pilot approach to technical and vocational training that focuses on the private sector, Albright noted.

MCC CEO is in a visit to Morocco to participate in the 14th annual U.S.-Africa Business Summit, due on July 19-22 in Marrakech under the High Patronage of HM King Mohammed VI.

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