Mohammed v solidarity foundation: 600 million dh spent or earmarked in 1998-2002
Morocco, Economics, 11/6/2001

The amounts Spent or earmarked by the Mohammed V Solidarity Foundation in the 1998-2002 period are worth 600 Mln DH (US$ 54.5 Mln), according to official figures released Monday here.

The Foundation held a press conference to present its accounts and financial situation and the evaluation of the trip in central and southern Morocco undertaken by King Mohammed VI (Oct.14 through Nov.3).

The Foundation has been focusing its action on struggle against poverty, to raise living standards, especially in rural areas, reduce illiteracy and encourage children's schooling, especially girls.

Working in coordination with local associations and administrations, the Foundation has allocated 107 Mln DH (US$ 9.7 Mln) for the construction and rehabilitation of 271 centers accommodating some 40,000 children nationwide. A total of 30 Mln DH (US$ 2.7 Mln) was earmarked to build 12 girls' dorms in rural areas in order to enable girls living far from schools carry on their studies.

During the same period, a budget of 100 Mln DH (US$ 9.09 Mln) went to improving the living conditions of handicapped persons, including persons with mental disorders, physical disabilities and visually-impaired persons, through the reconstruction and extension of centers in various regions.

In addition to the distribution of fast-breaking meals to some 2.5 million persons in rural areas during the holy month of Ramadan, and the assistance to Moroccan expatriates who come to spend holidays in Morocco, the Foundation has initiated several training projects, worth 113 Mln DH (US$ 10.2 Mln).

Other fields of action comprise the building of students' residence (120 Mln DH or US$ 10.9 Mln) in addition to refurbishing 10 social charity centers.

Previous Stories:
  Over 13 Million Persons Traveled by Train in Morocco in 2000   (11/2/2001)
  King Mohammed Launches Major Infrastructure Projects in Southern Provinces   (11/2/2001)
  Morocco's industrial production index grows by 2.6% in first half of 2001   (11/1/2001)

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