France loans Morocco 165 mln USD to finance youth program

Source: Xinhua| 2019-12-21 03:14:04|Editor: yan
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RABAT, Dec. 20 (Xinhua) -- The French Development Agency (AFD) granted Morocco a loan of 165 million U.S. dollars to finance a program of youth employment, official news agency MAP reported Friday.

AFD also granted Morocco 9.9 million dollars to support a migration policy in the North African country, MAP said.

The two agreements were signed on Thursday in Paris on the sideline of the 14th meeting of Morocco-France High-level Commission, co-chaired by Moroccan Prime Minister Saadeddine Othmani and his French counterpart Edouard Philippe.

France considers Morocco a "major partner for stability, peace, growth and development," said the joint declaration issued at the end of the meeting.

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