RABAT, June 8 (Xinhua) -- The African Development Bank (AfDB) will loan Morocco 235.5 million U.S. dollars to support its inclusive and sustainable agricultural development, the Moroccan Ministry of Economy and Finance announced Friday.
The loan agreement was inked in Rabat at a ceremony chaired by Economy and Finance Minister Mohamed Boussaid, in the presence of Leila Mokadem Farah, resident representative of AfDB national bureau in Morocco.
Boussaid praised the level and quality of the cooperation between the kingdom and the AfDB, which provides "invaluable and constant support" for Morocco in the implementation of basic structural reforms.
The two sides reaffirmed their willingness to further strengthen this exemplary cooperation.
The support program is part of a multi-sectoral approach to back the agricultural development strategy, called Morocco's Green Plan.
It aims to contribute to strengthening the competitiveness of the agricultural sector for an inclusive and sustainable economic growth, through the promotion of value chains, job creation, business climate and the sustainable management of natural resources.
