To support Morocco’s demand-driven professional training strategy, the Millennium Challenge Corporation (MCC) is expected to INVEST an estimated $50 million in public-private partnerships that provide students with the skills employers need. Starting in January, MCC and the Moroccan Government will solicit ideas from the private sector, government, and civil society to develop public-private training partnerships. Pending MCC Board approval and Congressional Notification, the program will be included as part of a new compact agreement that is expected to be signed in 2015. Through the Middle East and North Africa INVESTMENT Initiative, the U.S. government is launching new partnerships with the Shell Foundation in Iraq to provide financial and practical support to small and medium sized businesses run by entrepreneurs. In Lebanon, through a new partnership with Berytech, the U.S. government will provide early capital and advice for entrepreneurs, as well as mentoring, business networks, and other support as they grow and create even more jobs and economic activity. As announced by the Vice President today, the United States and Volvo are partnering to establish a training academy for entrepreneurs in Morocco. The academy will train 150 students each year from Morocco, Côte d’Ivoire, and Senegal, focusing on maintenance of industrial and commercial equipment. Training will also include technology and general business skills to prepare graduates to enter the modern workforce – either employed by local or multinational companies like Volvo, or as entrepreneurs running their own businesses. In partnership with Spain, the U.S. government is providing a $7 million credit guarantee to help FINANCE a state-of-the-art cold storage facility at the Tanger-Med port in Morocco. The cold storage facility will fill a crucial gap in the agriculture value chain in Morocco, enabling increased agricultural exports to key markets and facilitating job creation across the sector. This effort supports the U.S.-Morocco Free Trade Agreement and Morocco’s agricultural modernization strategy. Department of State Département dÉtat des États-Unis Nearly 4,000 entrepreneurs and business, government & thought leaders are at #GES2014 this week. More on this event: go.usa.gov/sGp5 .
Posted on: Thu, 20 Nov 2014 14:43:38 +0000
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