The Moroccan Government’s Labor Observatory, an independent civil organization, praised the “Forsa” program launched by the government to tackle unemployment in the country.
In a statement, a copy of which was received by Al-Ain Al-Akhbar, the observatory appreciated the government’s swift approach to meeting its commitments in terms of promoting investment, rehabilitating investment infrastructure and creating new horizons in terms of diversification of funding sources.
He also highlighted the positive economic orientation of the program, its repercussions on the investment structure, the strengthening of the Moroccan contracting sector, especially small contracting companies, and the many possibilities it offers to incubate projects.
The observatory listed a number of positive aspects, including overcoming field complications, by creating the website www.forsa.ma.
In addition to treating the loan repayment in a flexible way and specifying its duration in a maximum of 10 years, with the possibility of deferring the repayment in two years.
According to a previous statement by Moroccan Prime Minister Aziz Akhannouch, the Forsa program is innovative in the field of fostering labor recruitment, providing support, financing and integration with the current system in the field of entrepreneurship and investment promotion.
In this sense, the Government has allocated financial support to the Forsa program amounting to 1,250 million dirhams for the year 2022.
Earlier, Moroccan Prime Minister Aziz Akhannouch signed the circular launching the “Arash” program, which aims to create 250,000 direct jobs in temporary workshops during the years 2022 and 2023.
Bank Al-Maghrib had expected the country’s growth rate to rise to 6.7% this year, compared with a 6.3% contraction last year, supported by incentives and a good harvest.