Fonds Chakara large-scale grant program launch to support Public-Private Partnership (PPP) models for Technical and Vocational Education and Training in Morocco

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Funding Opportunity ID: 294155
Opportunity Number: MCC-17-INFO-EVENT-0001
Opportunity Title: Fonds Chakara large-scale grant program launch to support Public-Private Partnership (PPP) models for Technical and Vocational Education and Training in Morocco
Opportunity Category: Other
Opportunity Category Explanation: This is an informational public announcement only for a launch event on June 1, 2017
Funding Instrument Type: Other
Category of Funding Activity: Other (see text field entitled “Explanation of Other Category of Funding Activity” for clarification)
Category Explanation: MCC Informational Session on New Grant Fund in Morocco

Thursday, June 1, 2017 from 3:00 pm to 4:30 pm

Please RSVP by May 30 at

EVENT: Morocco Chakara Fund announcement

CFDA Number(s): 85.002
Eligible Applicants: Others (see text field entitled “Additional Information on Eligibility” for clarification)
Additional Information on Eligibility: Applications to the Charaka Fund will be submitted by Moroccan private sector associations in close collaboration with public sector entities. The Fund strongly encourages applicants to also partner with international organizations and private sector firms that can provide guidance on best practices and help guarantee the long-term success of Charaka Fund training centers. The MCC Morocco team is hosting an event on Thursday, June 1 to explain these opportunities and discuss how you can get involved. Please see additional information on the event and a link to RSVP below.
Agency Code: MCC
Agency Name: Millennium Challenge Corporation
Posted Date: May 26, 2017
Close Date: Jun 01, 2017 MCC Informational Session on New Grant Fund in Morocco Thursday June 1, 2017 3:00 p.m. – 4:30 p.m. Millennium Challenge Corporation 1099 14th Street NW, 7th Floor Washington, DC 20005 Please RSVP by May 30 at https://www.mcc.gov/news-and-events/event/outreach-060117-moroccochakarafundannouncement#event-rsvp
Last Updated Date: May 26, 2017
Award Ceiling: $0
Award Floor: $0
Estimated Total Program Funding: $90,000,000
Expected Number of Awards: 0
Description: The Millennium Challenge Corporation, a US government agency with a mission to reduce poverty through economic growth, has signed a $450 million Compact with the Government of Morocco that is focused on supporting two barriers to economic growth: education and land productivity. As part of the program, the Millennium Challenge Account – Morocco, the entity designated by the Government of Morocco to implement the program, will soon be launching a large-scale grant fund to support technical and vocational education and training (TVET) programs in Morocco. The Fund – named the Charaka Fund – will finance creation of new TVET centers or expansion of existing TVET centers that are operated as Public-Private Partnerships, and demonstrate a clear responsiveness to the needs of the private sector. The grant facility, named Fonds Charaka (the Fund), was designed in response to a recognition that training centers in Morocco which are driven by the private sector better meet the needs of both employers and graduates. They also achieve much higher post-graduate employment rates, largely because the skills for which they provide training are more responsive to the needs of the private sector. With a secondary education graduation rate of less than 40% and youth unemployment above 20%, MCC and the Government of Morocco have jointly recognized the importance of improving job opportunities for youth. At the same time, private sector industry is growing rapidly in Morocco, and firms are eagerly seeking a more qualified local workforce. The Charaka Fund aims to close the gap between the demand and supply of relevant skills by granting over $90 million through a competitive grant process for proposals to build new technical and vocational education and training (TVET) centers and/or expand existing ones that offer private-sector driven training models. The Model The Charaka Fund aims to have a strategic impact on the technical education and training system in Morocco by creating stronger collaboration between the private sector and public training centers. Applications to the Charaka Fund are expected to be submitted by private sector associations that have identified a need for a more skilled workforce, in close collaboration with a relevant public sector entity in Morocco. The call for proposals will be launched on the Millennium Challenge Account-Morocco (MCA-Morocco) website on May 29th. MCC also invites you to join the official launch event in Casablanca on June 14th, and additional info sessions throughout Morocco in the following weeks. The official launch and subsequent information sessions will be organized by MCA-Morocco. Please RSVP for this MCC Washington DC event on June 1, 2017 by May 30th on the link provided above. To learn more about the fund, please visit the MCA-Morocco website (in French) http://mca-maroc.ma/appel-partenariat
Version: Synopsis 1





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