RABAT, April 13 (Xinhua) -- The World Bank will provide a 500-million-U.S. dollar loan to Morocco under its First Morocco Jobs and Green Growth Development Policy Loan, the state news agency MAP reported Monday.

This photo taken on May 12, 2023 shows a street view in Tangier, Morocco. (Photo: Xinhua)

The financing will support better labor market policies, stronger business activity, especially among small and medium-sized firms, and investment in clean energy, energy efficiency, and export-oriented pharmaceutical industries, the report said.

It is the first in a series of three planned operations. The program seeks to expand active labor market programs and reach more than 330,000 job seekers by 2029, with a focus on young people and women.