- The board of the African Development Bank (ADB) has approved a loan of €75 million to Morocco to support the efforts of North African country in modernising its education system.
The loan aims to support Morocco's efforts in the area of skills development, poverty reduction within the framework of the National Initiative for Human Development (NHDR) and the realisation of the Millennium Development Goals (MDG), said the statement by the bank.
According to local news reports, the Moroccan education system is currently undergoing a major facelift and reform processes enshrined by the Draft National Charter of Education and Training November (CHARTE) of 1999.
The reports said the timetable for the reform which resumed in 2000 ending in 2010 was a decade earmarked by the North African state for the national education and training.
The ADB has 13 projects in Morocco with a total commitment of approximately $1,247 million.
The current project will focus on extending education and training opportunities, improving its internal and external performance, as well as the better management of the human, financial and material resources provided to the ministry of education.
In 2008 the African Development Bank, which maintains its headquarters in Tunisia, gave Morocco a loan of 66 million and 20 years to finance the third phase of its programme of administrative reforms.
The ADB is the largest donor of Morocco, with commitments worth millions to finance development projects and programmes in the infrastructure sector.
The ADB has recently decided to give Morocco a loan of €45 million to finance the 2nd National Program of Rural Roads. The objective of this plan is to reach isolated rural areas of Morocco with the completion of 15,500 km of roads and upgraded tracks.
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