Germany-Morocco Sign Sustainable Economic Growth Agreement

Rabat - Dec. 1 2019 -- By Hamza GuessousGermany supports African countries that have improved their general environment, in terms of good governance, development of tax authorities and supreme audit institutions, legal certainty, anti-corruption, and...

Rabat - Dec. 1 2019 -- By Hamza Guessous

Germany supports African countries that have improved their general environment, in terms of good governance, development of tax authorities and supreme audit institutions, legal certainty, anti-corruption, and democracy.


Under the partnership, Germany will provide €571 million over the period of 2020-2022 to support the implementation of the reforms that Morocco has undertaken. 


The reforms involve improving the country’s business and investment climate and financial sector, as well as strengthening advanced regionalization. They aim to further develop the potential of the private sector and promote sustainable economic growth.


The program focuses in particular on facilitating access to financing and improving the framework conditions for the support and development of Small and Medium-Sized Enterprises (SMEs) and start-ups, in order to turn them into a real lever for economic and social inclusion, reported Maghreb Arab Press (MAP).


Original Source: https://www.moroccoworldnews.com/2019/12/287944/germany-morocco-sign-sustainable-economic-growth-agreement/

[Author:Gerard]