Rabat, May 31 -- Over the next four years, Belgium will allocate EURO 3 million to encourage youth self-employment under a new Belgian-Moroccan project.

The "Supporting Youth Entrepreneurship Development in Morocco" project aims to promote youth entrepreneurship and job stability, especially in rural areas. The project has been in the works since 2016 and is in line with both countries' broader goals of international economic integration and cooperation.

Unemployment has been a long-standing issue in Morocco and is particularly high among youth ages 15-24. The country's youth unemployment rate is currently 24.1 percent, according to Trading Economics' 2019 first quarter report .

The project follows Morocco's National Integrated Youth S...