MCC, Morocco sign MoU to facilitate sharing development expertise with African countries
Washington, Apr 10, 2015 (MAP) – The Millennium Challenge Corporation (MCC) and Morocco signed, on Thursday in Washington, a Memorandum of Understanding (MoU) providing for sharing expertise and technical assistance with African countries in a range of productive sectors.
The Agreement was signed by Minister Delegate to the Foreign Ministry Mbarka Bouaida and MCC’s Deputy Chief Executive Officer Nancy Lee at the third annual U.S.-Morocco Strategic Dialogue.
Under the three-year MoU, the two parties will cooperate in facilitating the sharing of the lessons of Morocco’s development experience with other parts of Sub-Saharan Africa, and serve as an important catalyst for South-South cooperation.
« This MOU demonstrates the value we place on Morocco’s experience and our desire to facilitate sharing the benefits of that experience with other countries in Sub-Saharan Africa, » the MCC said in a statement.
The Agreement offers a framework for cooperation between Morocco and the MCC geared towards reducing poverty in Africa through the promotion of sustainable economic growth, new technologies and innovative trade models that are favourable to enterprises, the statement added.