USAID prone on supporting Moroccan economy modernization

Executives of the US Agency of International Development (USAID) said in Casablanca Thursday besides supporting education, the agency's action would focus on backing Morocco in its efforts to modernize its economy and improve business climate.

USAID executives said at a conference held by the American trade Chamber in Morocco (AmCham) the agency would carry on its education programs while focusing on economy and governance actions to accompany the Free trade agreement to be signed between Morocco and the United States before end of this year.

The USAID said it will direct its efforts to modernizing Morocco's corporate law and trade tribunals. The agency will organize training sessions for staff of trade tribunals personnel that it will equip with computers.

Additional efforts will be geared toward developing partnership between the public and private sectors in a bid to stimulate regional development and improving the performance of regional investment centers.

The agency will further move to set up a federation of Moroccan micro-finance associations and develop new rural tourism circuits in partnership with the tourism ministry.