Korea grants Morocco $6m to strengthen statistics

A Moroccan-Korean cooperation program to strengthen the statistical and business intelligence system of the ministry of industry, trade, and investment was signed Wednesday in Rabat, for a total sum of about 50 million dirhams ($ 6.1 million) provided by the Korean government. Under this cooperation program, the statistical and monitoring systems of the ministry, whose role is to monitor the industrial sector, trade and distribution, and ICT, will benefit from the support of Korea, which will provide reliable strategic information. The support of the Korean side will concern mainly the strengthening of the statistical systems in place, providing them with equipment and software solutions for the implementation of a platform covering the three aforementioned sectors and incorporating a business intelligence tool to meet the needs for sound decision-making. The program also provides capacity building resources through the transfer of Korean expertise and know-how in the management and organization of survey systems, and data processing and analysis. “This agreement supports the ministry throughout the development of industrial statistics and decision-making,” minister of industry, trade, and investment, Moulay Hafid Elalamy. For his part, Ambassador of the Republic of Korea to Morocco, Lee Taeho, noted that much of the funding for this project is dedicated to technical cooperation, namely the training of human resources and capacity building. “The budget dedicated to this 5-year program is the largest among all the projects implemented by the Korean International Cooperation Agency (KOICA) in Morocco,” he said.