In an endeavor to empower women and youth and drive socio-economic development, the U.S. Agency for International Development (USAID) has embarked on a transformative partnership with Morocco’s Beni Mellal-Khenifra region. This collaboration has given birth to the Inclusive Socio-Economic Development (ISED) program, a remarkable initiative with an $18 million (180 million MAD) commitment to uplift the prospects and livelihoods of the country’s women and youth.Morocco’s Socio-Economic Empowerment JourneyThe Inclusive Socio-Economic Development (ISED) program, spanning a five-year period from 2023 to 2028, is designed to work closely with local stakeholders, fortifying Morocco’s economy on multiple fronts. Its core objectives encompass strengthening participatory governance, bolstering economic growth, and fostering job creation, with a specific focus on the Beni Mellal region.One of Morocco’s key national initiatives, the Tamkine initiative, sets forth ambitious goals aligned with the United Nations’ Sustainable Development Goals (SDGs). Among these objectives is the aim to achieve a 30% female employment rate in 2023, a remarkable leap from the 19% recorded in the previous year.The Empowering Role of Women in Economic GrowthThe pivotal role of women in driving economic growth has been extensively documented by studies such as those conducted by the Global Entrepreneurship Monitor (GEM). Research has shown that a significant increase in the female participation rate significantly contributes to economic development.
In this context, initiatives like the ISED program serve as catalysts for broader gender equality and economic progress.The World Bank has pegged women’s participation in the Moroccan economy at 26%, underscoring the untapped potential that could further propel the nation’s growth.Youth Unemployment: A Pressing ChallengeYouth unemployment is a critical challenge facing Morocco, with 80% of the country’s unemployed population falling within the 15 to 34-year-old age group. The situation becomes even more alarming when focusing on the youth, particularly those aged 15 to 29, who are twice as likely to be without employment opportunities. Addressing this issue is crucial for the nation’s socio-economic stability and prosperity.
A Multifaceted Approach to Youth EmpowermentEfforts to combat youth unemployment extend beyond the ISED program. In 2019, the World Bank approved a substantial $55 million loan to develop youth employability programs in the Marrakesh-Safi region of Morocco. The project was conceived with the goal of creating an integrated and efficient model that could be replicated nationwide. This initiative showcases Morocco’s commitment to addressing youth unemployment through innovative solutions, leveraging global experience and expertise.Additionally, Wise Venture Capital, an independent Moroccan investment management company, has harnessed $3.9 million in USAID funds to mobilize $15 million in capital. This initiative is dedicated to supporting the growth of early-stage businesses in Morocco, with a particular emphasis on fostering entrepreneurship and providing employment opportunities for the nation’s youth. Such investments are pivotal in nurturing a vibrant entrepreneurial ecosystem and fostering sustainable economic growth.
The Road to Gender Parity in MENAThe Global Gender Gap Index 2020 paints a sobering picture, projecting that it would take approximately 140 years to close the gender gap in the Middle East and North Africa (MENA) region. While this is undoubtedly a daunting challenge, initiatives like the ISED program exemplify the commitment of governments and organizations to expedite progress.In stark contrast to the MENA region, Western Europe stands out as a beacon of progress in gender parity. It is projected to close the gender gap within a considerably shorter timeframe of 54 years. This divergence highlights the importance of concerted efforts, investments, and initiatives to accelerate gender equality and inclusivity in the MENA region.
Conclusion: Paving the Way for a Brighter TomorrowThe USAID’s $18 million commitment through the Inclusive Socio-Economic Development (ISED) program serves as a testament to the dedication to empower Moroccan women and youth, propelling them towards a brighter future. As these initiatives continue to gain momentum, Morocco is poised to unlock its untapped potential, leveraging the talent, creativity, and determination of its women and youth to drive sustainable socio-economic development. With collaborative efforts, innovative solutions, and steadfast commitment, Morocco is charting a path towards prosperity, gender equality, and inclusive growth.
