On 30 November 2015, the Government of the Kingdom of Morocco concluded a second cooperation Program (Compact II) with the Government of the United States of America, represented by Millennium Challenge Corporation (MCC), aimed at improving the quality of human capital and improving land productivity.
The budget allocated by MCC to Compact II, which came into effect on 30 June 2017, amounts to $450 million, to which is added a contribution from the Moroccan government equivalent to at least 15% of the US contribution.
The overall amount will finance two projects over a period of five years, namely "Education and training for employability" and "Land productivity".
The objectives of these two projects, which are in line with the High Orientations of His Majesty King Mohammed VI concerning the enhancement of human capital and the mobilization of land for investment promotion, converge with the objectives of the sectoral strategies initiated in Morocco, such as the 2015-2030 Vision for the reform of the education and training system, the 2021 Vocational Training Strategy, the Industrial Acceleration Plan and the 2021 VET Plan.
The selection of these two projects, which focus on two national priorities, is the result of an analysis of constraints to economic growth carried out by the government and MCC, in collaboration with the African Development Bank (AfDB), which identified the poor quality of human capital and its inadequacy in relation to the needs of enterprises and the lack of access of investors to land as one of the major constraints on which it was agreed to act.