Rabat - Morocco and the Millennium Challenge Corporation (MCC) signed on Thursday in Washington a memorandum of understanding under which the kingdom provides African countries with its "exemplary experience" and technical assistance in various productive sectors, Maghreb Arab Press (MAP) reported.
The memorandum of understanding was signed by the Minister Delegate for Foreign Affairs and Cooperation Mbarka Bouaida and Deputy CEO of MCC, Nancy Lee, on the sidelines of the third session of the Morocco-U.S strategic dialogue.
The three-year agreement aims at finding means of facilitating the sharing of the Morocco's experiences with African countries and to promote private investment and serve as a model for South-South cooperation, the same source added.
"Morocco has established historical, cultural and economic ties with several African countries where MCC is engaged," MCC announced in a statement.
"The technical capabilities, the exemplary experience and the skills of the Kingdom in various productive sectors allow it to bring valuable expertise to the development efforts supported by MMC funds."
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