Morocco’s Minister of Economy and Finance, Nadia Fettah, announced that the government is initiating a MAD 14 billion funding program to address Morocco’s rising unemployment rates, she said in an interview with Morocco’s News Agency (MAP) on Tuesday.
With recent data from Morocco’s Statistics and Forecasts Office (HCP) showing that unemployment had increased from 12.4% to 13.1% in Q2 of 2024, particularly in the 15 to 24 age bracket, Fettah highlighted that Morocco’s Nador West Med port and the Dakhla Atlantic port could provide potential solutions.
She said that unemployment will be a key focus in next year’s finance bill (PLF), reflected in its MAD 14 billion budget.
Fettah also announced a new investment charter to support micro, small, and medium-sized enterprises (MSMEs) through financing programs such as Tamwilcom and the Mohammed VI Fund for Investment.
“To support MSMEs and SMEs, which represent the largest portion of Morocco’s productive fabric, several measures and initiatives have been implemented,” she told MAP.