80_FR_77616 80 FR 77377 - Notice of Entering Into a Compact With the Kingdom of Morocco

80 FR 77377 - Notice of Entering Into a Compact With the Kingdom of Morocco

MILLENNIUM CHALLENGE CORPORATION

Federal Register Volume 80, Issue 239 (December 14, 2015)

Page Range77377-77379
FR Document2015-31366

In accordance with Section 610(b)(2) of the Millennium Challenge Act of 2003 (22 U.S.C. 7701-7718) as amended (the Act), and the heading ``Millennium Challenge Corporation'' of the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2015, the Millennium Challenge Corporation (MCC) is publishing a summary of the Millennium Challenge Compact between the United States of America, acting through the Millennium Challenge Corporation, and the Kingdom of Morocco. Representatives of the United States Government and Morocco executed the Compact documents on November 30, 2015. The complete text of the Compact has been posted at https://assets.mcc.gov/ documents/compact-morocco-employability-and-land.pdf.

Federal Register, Volume 80 Issue 239 (Monday, December 14, 2015)
[Federal Register Volume 80, Number 239 (Monday, December 14, 2015)]
[Notices]
[Pages 77377-77379]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-31366]


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MILLENNIUM CHALLENGE CORPORATION

[MCC FR 15-05]


Notice of Entering Into a Compact With the Kingdom of Morocco

AGENCY: Millennium Challenge Corporation.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: In accordance with Section 610(b)(2) of the Millennium 
Challenge Act of 2003 (22 U.S.C. 7701-7718) as amended (the Act), and 
the heading ``Millennium Challenge Corporation'' of the Department of 
State, Foreign Operations, and Related Programs Appropriations Act, 
2015, the Millennium Challenge Corporation (MCC) is publishing a 
summary of the Millennium Challenge Compact between the United States 
of America, acting through the Millennium Challenge Corporation, and 
the Kingdom of Morocco. Representatives of the United States Government 
and Morocco executed the Compact documents on November 30, 2015. The 
complete text of the Compact has been posted at https://assets.mcc.gov/documents/compact-morocco-employability-and-land.pdf.

    Dated: December 9, 2015.
Maame Ewusi-Mensah Frimpong,
Vice President and General Counsel, Millennium Challenge Corporation.

Summary of Millennium Challenge Compact With the Kingdom of Morocco

Overview

    MCC has signed a five-year, $450 million compact with the 
Government of Morocco (GoM) aimed at reducing poverty through economic 
growth. The compact seeks to assist the GoM in addressing two major 
constraints to economic growth: Education quality and land 
productivity, with an approach and methodology that incorporate the 
core issues of government and public-private coordination.

Program Overview and Budget

    Morocco was selected for compact eligibility in December 2012, and 
the subsequent constraints analysis identified (i) education quality; 
(ii) land policy and implementation (with qualitatively different 
issues for rural areas and industrial land); and (iii) governance, 
notably labor market regulations, taxes, and the judiciary system as 
binding constraints to economic growth and investment. In addition, the 
analysis identified the effectiveness of the Moroccan government's 
level of coordination as an

[[Page 77378]]

overarching issue that directly impacts the binding constraints 
identified and the efforts of the GoM to address them, resulting in low 
productivity of government investment.
    The land and education sectors represent binding constraints to 
growth and provide opportunities to develop policy responses to both 
the supply and demand for skilled labor. The compact directly addresses 
the root causes of these binding constraints, which are:
    (1) Secondary education and workforce development systems that 
produce a supply of workers that do not adequately meet private sector 
skills demand, and
    (2) Land policy and implementation that inhibit access to and 
productive uses of rural and industrial land, thus diminishing 
investment and consequent demand for labor.
    By improving the policy and institutional environment, and creating 
models to engage the private sector, the two projects will address both 
the supply and demand sides of the labor market. Both projects support 
the shift from static, state-led systems to competitive, dynamic 
systems that engage the private sector and respond to market needs. 
Further, both projects take a targeted approach to developing and 
demonstrating new models, and building capacity so that those models 
can be replicated and scaled up post-compact.
    The budget for the compact is $450 million, not including the 
contribution by the GoM of approximately $67.5 million or 15 percent of 
the U.S. contribution, allocated as follows (all figures are 
approximate due to rounding):

                         Compact Budget Summary
------------------------------------------------------------------------
                                                        Budget  (in U.S.
                   Project/activity                            $)
------------------------------------------------------------------------
Education and Training for Employability Project:
    Secondary Education...............................      $112,580,000
    Workforce Development.............................       107,420,000
                                                       -----------------
Education and Training for Employability Project             220,000,000
 Subtotal.............................................
Land Productivity Project:
    Governance........................................        10,500,000
    Rural Land........................................        33,000,000
    Industrial Land...................................       127,000,000
                                                       -----------------
Land Productivity Project Subtotal....................       170,500,000
Monitoring and Evaluation.............................        10,000,000
Program Administration and Oversight..................        49,500,000
                                                       -----------------
Compact Grand Total...................................       450,000,000
Government of Morocco Contribution....................        67,500,000
                                                       -----------------
    Program Grand Total...............................       517,500,000
------------------------------------------------------------------------

    The Education and Training for Employability Project aims to 
increase the employability and employment rate of Moroccans by 
improving the quality and relevance of, and equitable access to, 
secondary education and workforce development programs in response to 
private sector needs. Given significant social and gender inequalities 
in Morocco, a concerted effort has been made to ensure that the 
Education and Training for Employability Project results in equitable 
outcomes for both girls and boys and reduces social, gender, and 
geographically-based inequalities.
    The Land Productivity Project aims to increase land productivity in 
Morocco by enabling land markets to better respond to investor demand 
and by strengthening the enabling environment for investment

Education and Training for Employability Project

    The Education and Training for Employability Project is comprised 
of two activities aimed at increasing the employability and employment 
rate of Moroccans by improving the quality and relevance of, and 
equitable access to, secondary education and workforce development 
programs in response to private sector needs.
    1. Secondary Education Activity. The Secondary Education Activity 
aims to demonstrate a new cost-effective, sustainable, and scalable 
model of public secondary schools for delivering quality secondary 
education focused on the employability competencies needed for the 
modern workforce. It will also support key reforms to improve system 
performance management. The model will be piloted and rigorously 
evaluated in approximately 90-110 schools, which will receive a multi-
faceted package of interventions in the three key areas of school 
management, pedagogy, and infrastructure. This package will support 
schools in meeting the terms of new performance contracts and will also 
work to create an enhanced learning environment for students that 
better meets their developmental needs, and better prepares them for 
tertiary education or entry into the labor market.
    MCC funding will also support the development, planning, and 
implementation of rigorous international and national assessments of 
student learning, and the utilization of assessment data to inform 
decisions for improving performance. MCC funding will additionally 
support the development and piloting of a new approach to school 
infrastructure and information technology operations and maintenance, 
through private sector performance contracts in these areas.
    2. Workforce Development Activity. The Workforce Development 
Activity aims to increase the employability of Moroccans by: Improving 
the quality and relevance of, and equitable access to, private sector-
driven technical and vocational education and training (TVET). The 
activity will also provide: (i) Technical assistance to develop and 
implement demand-driven TVET sector policy; (ii) effective employment 
services to help unemployed or economically inactive women as well as 
at-risk urban and peri-urban youth to obtain quality jobs; and (iii) 
support to a labor market observatory that will provide dynamic labor 
market information to improve decision-making for public policy and 
private investment.

[[Page 77379]]

    An MCC- and GoM-funded grant facility will support selected private 
sector-driven training centers by issuing grants for infrastructure, 
equipment, and technical assistance. Additionally, results-based 
incentive mechanisms, such as social impact bonds, will be used to 
support promising programs that provide integrated job placement 
services for women and at-risk urban youth. MCC funding will also 
support the development and implementation of rigorous impact 
evaluations to test other non-MCC funded promising labor market 
interventions.

Land Productivity Project

    The project aims to increase land productivity in Morocco by 
enabling land markets to better respond to investor demand and by 
strengthening the enabling environment for investment. To achieve this 
objective, MCC funding will support the following activities:
    1. Governance Activity. The Governance Activity is designed to 
support the development and implementation of a long-term land 
productivity strategy to address governance and land market constraints 
to investment and productivity. Once the strategy and roadmap to its 
implementation are in place, the activity will finance implementation 
of key elements of the roadmap.
    2. Rural Land Activity. The Rural Land Activity aims to increase 
rural productivity by making the GoM's current process for privatizing 
irrigated collective lands more inclusive and less time-consuming. The 
activity will (i) develop procedures for privatization of irrigated 
collective land that can be implemented within three years or less; 
(ii) use these improved procedures to support the privatization of up 
to 46,000 hectares of collective land within Morocco's Gharb region; 
and (iii) develop and apply tools to address other land-related root 
causes of low productivity identified during due diligence, such as 
minimum parcel size requirements. The activity will engage in extensive 
consultations and outreach in the region of intervention and will 
develop and apply fair and inclusive land allocation criteria that 
protect the rights of land holders, including women.
    3. Industrial Land Activity. The Industrial Land Activity aims to 
transform the way the GoM brings industrial land to market, from a 
state- to a market-driven approach, through the development of a new 
model for industrial zone development. By using public-private 
partnerships for industrial land development, the activity seeks to 
encourage private sector participation in the development and 
management of industrial zones, and to ensure that such development and 
management responds to private sector demand in terms of location, land 
offering, infrastructure and site and social services.

                            Economic Analysis
------------------------------------------------------------------------
          Project/activity                   ERR          Beneficiaries
------------------------------------------------------------------------
Education and Training for              12.7% to 14.5%         2,019,100
 Employability Project..............
    Secondary Education.............    12.4% to 15.1%         1,744,100
    Workforce Development...........             13.2%           275,000
Land Productivity Project...........    15.8% to 18.0%           177,800
    Governance......................  ................  ................
    Rural Land......................             23.0%            81,500
    Industrial Land.................    13.4% to 16.7%            96,300
------------------------------------------------------------------------
* The costs of the governance activity are included in the Land
  Productivity Project's overall ERR.

    An economic rate of return (ERR) was calculated for each of the 
compact's projects. The costs of the Governance Activity, which is a 
critical national policy and institutional reform component that will 
support a land strategy and roadmap, as well as the long-term 
sustainability and impact of the project's other two activities, are 
included in the overall ERR for the Land Productivity Project.
    The Compact is expected to benefit 2.2 million people over a 
twenty-year period.

[FR Doc. 2015-31366 Filed 12-11-15; 8:45 am]
BILLING CODE 9211-03-P



                                                                             Federal Register / Vol. 80, No. 239 / Monday, December 14, 2015 / Notices                                                77377

                                                  public interest specified in notice 80 FR                  • Evaluate whether and if so how the               MILLENNIUM CHALLENGE
                                                  76574–75 which was published on                         quality, utility, and clarity of the                  CORPORATION
                                                  Wednesday, December 9, 2015. The                        information to be collected can be
                                                                                                                                                                [MCC FR 15–05]
                                                  deadline to submit statements on the                    enhanced; and
                                                  public interest is extended to Friday,                     • Minimize the burden of the                       Notice of Entering Into a Compact With
                                                  December 18, 2015.                                      collection of information on those who                the Kingdom of Morocco
                                                    Issued: December 9, 2015.                             are to respond, including through the
                                                                                                          use of appropriate automated,                         AGENCY: Millennium Challenge
                                                  Lisa R. Barton,
                                                                                                          electronic, mechanical, or other                      Corporation.
                                                  Secretary to the Commission.
                                                                                                          technological collection techniques or                ACTION: Notice.
                                                  [FR Doc. 2015–31354 Filed 12–11–15; 8:45 am]
                                                                                                          other forms of information technology,
                                                  BILLING CODE 7020–02–P                                                                                        SUMMARY:   In accordance with Section
                                                                                                          e.g., permitting electronic submission of
                                                                                                                                                                610(b)(2) of the Millennium Challenge
                                                                                                          responses.
                                                                                                                                                                Act of 2003 (22 U.S.C. 7701–7718) as
                                                  DEPARTMENT OF JUSTICE                                      Overview of this information                       amended (the Act), and the heading
                                                                                                          collection 1140–0073:                                 ‘‘Millennium Challenge Corporation’’ of
                                                  [OMB Number 1140–0073]                                     1. Type of Information Collection                  the Department of State, Foreign
                                                                                                          (check justification or form 83):                     Operations, and Related Programs
                                                  Agency Information Collection
                                                                                                          Extension of a currently approved                     Appropriations Act, 2015, the
                                                  Activities; Proposed eCollection
                                                                                                          collection.                                           Millennium Challenge Corporation
                                                  eComments Requested; Furnishing of
                                                  Samples                                                    2. The Title of the Form/Collection:               (MCC) is publishing a summary of the
                                                                                                          Furnishing of Samples.                                Millennium Challenge Compact
                                                  AGENCY:  Bureau of Alcohol, Tobacco,                       3. The agency form number, if any,                 between the United States of America,
                                                  Firearms and Explosives, Department of                  and the applicable component of the                   acting through the Millennium
                                                  Justice.                                                Department sponsoring the collection:                 Challenge Corporation, and the
                                                  ACTION: 60-day notice.                                     Form number (if applicable): None.                 Kingdom of Morocco. Representatives of
                                                                                                                                                                the United States Government and
                                                  SUMMARY:   The Department of Justice                       Component: Bureau of Alcohol,                      Morocco executed the Compact
                                                  (DOJ), Bureau of Alcohol, Tobacco,                      Tobacco, Firearms and Explosives, U.S.                documents on November 30, 2015. The
                                                  Firearms and Explosives (ATF), will                     Department of Justice.                                complete text of the Compact has been
                                                  submit the following information                           4. Affected public who will be asked               posted at https://assets.mcc.gov/
                                                  collection request to the Office of                     or required to respond, as well as a brief            documents/compact-morocco-
                                                  Management and Budget (OMB) for                         abstract:                                             employability-and-land.pdf.
                                                  review and approval in accordance with                     Primary: Businesses and other non-                   Dated: December 9, 2015.
                                                  the Paperwork Reduction Act of 1995.                    profits.                                              Maame Ewusi-Mensah Frimpong,
                                                  DATES: Comments are encouraged and                         Other (if applicable): None.                       Vice President and General Counsel,
                                                  will be accepted for 60 days until                         Abstract: ATF requires licensed                    Millennium Challenge Corporation.
                                                  February 12, 2016.                                      manufacturers and importers and
                                                  FOR FURTHER INFORMATION CONTACT: If
                                                                                                                                                                Summary of Millennium Challenge
                                                                                                          persons who manufacture or import
                                                  you have additional comments                                                                                  Compact With the Kingdom of Morocco
                                                                                                          explosives materials or ammonium
                                                  especially on the estimated public                      nitrate to submit samples at the request              Overview
                                                  burden or associated response time,                     of the Director.                                         MCC has signed a five-year, $450
                                                  suggestions, or need a copy of the                         5. An estimate of the total number of              million compact with the Government
                                                  proposed information collection                         respondents and the amount of time                    of Morocco (GoM) aimed at reducing
                                                  instrument with instructions or                         estimated for an average respondent to                poverty through economic growth. The
                                                  additional information, please contact                  respond: An estimated 2,350                           compact seeks to assist the GoM in
                                                  Anita Scheddel, Program Analyst,                        respondents will take 30 minutes to                   addressing two major constraints to
                                                  Explosives Industry Programs Branch,                    complete the survey.                                  economic growth: Education quality and
                                                  99 New York Ave. NE., Washington, DC                       6. An estimate of the total public                 land productivity, with an approach and
                                                  20226 at email: Anita.Scheddel@atf.gov.                 burden (in hours) associated with the                 methodology that incorporate the core
                                                  SUPPLEMENTARY INFORMATION: Written                      collection: The estimated annual public               issues of government and public-private
                                                  comments and suggestions from the                       burden associated with this collection is             coordination.
                                                  public and affected agencies concerning                 1, 175 hours.
                                                  the proposed collection of information                                                                        Program Overview and Budget
                                                                                                             If additional information is required
                                                  are encouraged. Your comments should                    contact: Jerri Murray, Department                        Morocco was selected for compact
                                                  address one or more of the following                    Clearance Officer, United States                      eligibility in December 2012, and the
                                                  four points:                                            Department of Justice, Justice                        subsequent constraints analysis
                                                    • Evaluate whether the proposed                       Management Division, Policy and                       identified (i) education quality; (ii) land
                                                  collection of information is necessary                  Planning Staff, Two Constitution                      policy and implementation (with
                                                  for the proper performance of the                       Square, 145 N Street NE., Room 3E–                    qualitatively different issues for rural
mstockstill on DSK4VPTVN1PROD with NOTICES




                                                  functions of the agency, including                      405B, Washington, DC 20530.                           areas and industrial land); and (iii)
                                                  whether the information will have                                                                             governance, notably labor market
                                                  practical utility;                                        Dated: December 8, 2015.                            regulations, taxes, and the judiciary
                                                    • Evaluate the accuracy of the                        Jerri Murray,                                         system as binding constraints to
                                                  agency’s estimate of the burden of the                  Department Clearance Officer for PRA, U.S.            economic growth and investment. In
                                                  proposed collection of information,                     Department of Justice.                                addition, the analysis identified the
                                                  including the validity of the                           [FR Doc. 2015–31334 Filed 12–11–15; 8:45 am]          effectiveness of the Moroccan
                                                  methodology and assumptions used;                       BILLING CODE 4410–FY–P                                government’s level of coordination as an


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                                                  77378                                Federal Register / Vol. 80, No. 239 / Monday, December 14, 2015 / Notices

                                                  overarching issue that directly impacts                                   adequately meet private sector skills                                      engage the private sector and respond to
                                                  the binding constraints identified and                                    demand, and                                                                market needs. Further, both projects
                                                  the efforts of the GoM to address them,                                     (2) Land policy and implementation                                       take a targeted approach to developing
                                                  resulting in low productivity of                                          that inhibit access to and productive                                      and demonstrating new models, and
                                                  government investment.                                                    uses of rural and industrial land, thus                                    building capacity so that those models
                                                    The land and education sectors                                          diminishing investment and consequent                                      can be replicated and scaled up post-
                                                  represent binding constraints to growth                                   demand for labor.                                                          compact.
                                                  and provide opportunities to develop                                        By improving the policy and
                                                  policy responses to both the supply and                                   institutional environment, and creating                                       The budget for the compact is $450
                                                  demand for skilled labor. The compact                                     models to engage the private sector, the                                   million, not including the contribution
                                                  directly addresses the root causes of                                     two projects will address both the                                         by the GoM of approximately $67.5
                                                  these binding constraints, which are:                                     supply and demand sides of the labor                                       million or 15 percent of the U.S.
                                                    (1) Secondary education and                                             market. Both projects support the shift                                    contribution, allocated as follows (all
                                                  workforce development systems that                                        from static, state-led systems to                                          figures are approximate due to
                                                  produce a supply of workers that do not                                   competitive, dynamic systems that                                          rounding):

                                                                                                                                      COMPACT BUDGET SUMMARY
                                                                                                                                                                                                                                                      Budget
                                                                                                                                      Project/activity                                                                                              (in U.S. $)

                                                  Education and Training for Employability Project:
                                                     Secondary Education ...............................................................................................................................................................            $112,580,000
                                                     Workforce Development ...........................................................................................................................................................               107,420,000

                                                  Education and Training for Employability Project Subtotal .............................................................................................................                            220,000,000
                                                  Land Productivity Project:
                                                      Governance ..............................................................................................................................................................................       10,500,000
                                                      Rural Land ................................................................................................................................................................................     33,000,000
                                                      Industrial Land ..........................................................................................................................................................................     127,000,000

                                                  Land Productivity Project Subtotal ..................................................................................................................................................              170,500,000
                                                  Monitoring and Evaluation ...............................................................................................................................................................           10,000,000
                                                  Program Administration and Oversight ...........................................................................................................................................                    49,500,000

                                                  Compact Grand Total ......................................................................................................................................................................         450,000,000
                                                  Government of Morocco Contribution .............................................................................................................................................                    67,500,000

                                                        Program Grand Total ................................................................................................................................................................         517,500,000



                                                     The Education and Training for                                         relevance of, and equitable access to,                                     international and national assessments
                                                  Employability Project aims to increase                                    secondary education and workforce                                          of student learning, and the utilization
                                                  the employability and employment rate                                     development programs in response to                                        of assessment data to inform decisions
                                                  of Moroccans by improving the quality                                     private sector needs.                                                      for improving performance. MCC
                                                  and relevance of, and equitable access                                      1. Secondary Education Activity. The                                     funding will additionally support the
                                                  to, secondary education and workforce                                     Secondary Education Activity aims to                                       development and piloting of a new
                                                  development programs in response to                                       demonstrate a new cost-effective,                                          approach to school infrastructure and
                                                  private sector needs. Given significant                                   sustainable, and scalable model of                                         information technology operations and
                                                  social and gender inequalities in                                         public secondary schools for delivering                                    maintenance, through private sector
                                                  Morocco, a concerted effort has been                                      quality secondary education focused on                                     performance contracts in these areas.
                                                  made to ensure that the Education and                                     the employability competencies needed                                         2. Workforce Development Activity.
                                                  Training for Employability Project                                        for the modern workforce. It will also                                     The Workforce Development Activity
                                                  results in equitable outcomes for both                                    support key reforms to improve system                                      aims to increase the employability of
                                                  girls and boys and reduces social,                                        performance management. The model                                          Moroccans by: Improving the quality
                                                  gender, and geographically-based                                          will be piloted and rigorously evaluated                                   and relevance of, and equitable access
                                                  inequalities.                                                             in approximately 90–110 schools, which                                     to, private sector-driven technical and
                                                     The Land Productivity Project aims to                                  will receive a multi-faceted package of                                    vocational education and training
                                                  increase land productivity in Morocco                                     interventions in the three key areas of                                    (TVET). The activity will also provide:
                                                  by enabling land markets to better                                        school management, pedagogy, and                                           (i) Technical assistance to develop and
                                                  respond to investor demand and by                                         infrastructure. This package will                                          implement demand-driven TVET sector
                                                  strengthening the enabling environment                                    support schools in meeting the terms of                                    policy; (ii) effective employment
                                                  for investment                                                            new performance contracts and will also                                    services to help unemployed or
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                                                                                                                            work to create an enhanced learning                                        economically inactive women as well as
                                                  Education and Training for                                                environment for students that better                                       at-risk urban and peri-urban youth to
                                                  Employability Project                                                     meets their developmental needs, and                                       obtain quality jobs; and (iii) support to
                                                    The Education and Training for                                          better prepares them for tertiary                                          a labor market observatory that will
                                                  Employability Project is comprised of                                     education or entry into the labor market.                                  provide dynamic labor market
                                                  two activities aimed at increasing the                                      MCC funding will also support the                                        information to improve decision-making
                                                  employability and employment rate of                                      development, planning, and                                                 for public policy and private
                                                  Moroccans by improving the quality and                                    implementation of rigorous                                                 investment.


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                                                                                      Federal Register / Vol. 80, No. 239 / Monday, December 14, 2015 / Notices                                                                                                   77379

                                                     An MCC- and GoM-funded grant                                              1. Governance Activity. The                                            productivity identified during due
                                                  facility will support selected private                                    Governance Activity is designed to                                        diligence, such as minimum parcel size
                                                  sector-driven training centers by issuing                                 support the development and                                               requirements. The activity will engage
                                                  grants for infrastructure, equipment, and                                 implementation of a long-term land                                        in extensive consultations and outreach
                                                  technical assistance. Additionally,                                       productivity strategy to address                                          in the region of intervention and will
                                                  results-based incentive mechanisms,                                       governance and land market constraints                                    develop and apply fair and inclusive
                                                  such as social impact bonds, will be                                      to investment and productivity. Once                                      land allocation criteria that protect the
                                                  used to support promising programs                                        the strategy and roadmap to its                                           rights of land holders, including
                                                  that provide integrated job placement                                     implementation are in place, the activity                                 women.
                                                  services for women and at-risk urban                                      will finance implementation of key                                           3. Industrial Land Activity. The
                                                  youth. MCC funding will also support                                      elements of the roadmap.                                                  Industrial Land Activity aims to
                                                  the development and implementation of                                        2. Rural Land Activity. The Rural                                      transform the way the GoM brings
                                                  rigorous impact evaluations to test other                                 Land Activity aims to increase rural                                      industrial land to market, from a state-
                                                                                                                            productivity by making the GoM’s                                          to a market-driven approach, through
                                                  non-MCC funded promising labor
                                                                                                                            current process for privatizing irrigated                                 the development of a new model for
                                                  market interventions.
                                                                                                                            collective lands more inclusive and less                                  industrial zone development. By using
                                                  Land Productivity Project                                                 time-consuming. The activity will (i)                                     public-private partnerships for
                                                                                                                            develop procedures for privatization of                                   industrial land development, the
                                                    The project aims to increase land                                       irrigated collective land that can be                                     activity seeks to encourage private
                                                  productivity in Morocco by enabling                                       implemented within three years or less;                                   sector participation in the development
                                                  land markets to better respond to                                         (ii) use these improved procedures to                                     and management of industrial zones,
                                                  investor demand and by strengthening                                      support the privatization of up to 46,000                                 and to ensure that such development
                                                  the enabling environment for                                              hectares of collective land within                                        and management responds to private
                                                  investment. To achieve this objective,                                    Morocco’s Gharb region; and (iii)                                         sector demand in terms of location, land
                                                  MCC funding will support the following                                    develop and apply tools to address other                                  offering, infrastructure and site and
                                                  activities:                                                               land-related root causes of low                                           social services.

                                                                                                                                            ECONOMIC ANALYSIS
                                                                                                                      Project/activity                                                                                         ERR                     Beneficiaries

                                                  Education and Training for Employability Project ...........................................................................................                         12.7% to 14.5%                           2,019,100
                                                      Secondary Education ...............................................................................................................................              12.4% to 15.1%                           1,744,100
                                                      Workforce Development ...........................................................................................................................                                13.2%                       275,000
                                                  Land Productivity Project .................................................................................................................................          15.8% to 18.0%                              177,800
                                                      Governance ..............................................................................................................................................      ............................   ............................
                                                      Rural Land ................................................................................................................................................                      23.0%                         81,500
                                                      Industrial Land ..........................................................................................................................................       13.4% to 16.7%                                96,300
                                                     * The costs of the governance activity are included in the Land Productivity Project’s overall ERR.


                                                     An economic rate of return (ERR) was                                   must use Diagonal Road Entrance),                                         FOR FURTHER INFORMATION CONTACT:
                                                  calculated for each of the compact’s                                      Alexandria, VA 22314–3428.                                                Gerard Poliquin, Secretary of the Board,
                                                  projects. The costs of the Governance                                     STATUS: Open.                                                             Telephone: 703–518–6304.
                                                  Activity, which is a critical national
                                                                                                                            MATTERS TO BE CONSIDERED:                                                 Gerard Poliquin,
                                                  policy and institutional reform
                                                  component that will support a land                                          1. Notice and Request for Comment,                                      Secretary of the Board.
                                                  strategy and roadmap, as well as the                                      Regulatory Review in Accordance with                                      [FR Doc. 2015–31502 Filed 12–10–15; 4:15 pm]
                                                  long-term sustainability and impact of                                    the Economic Growth Regulatory                                            BILLING CODE 7535–01–P
                                                  the project’s other two activities, are                                   Paperwork Reduction Act of 1996.
                                                  included in the overall ERR for the Land                                    2. NCUA Rules and Regulations,
                                                  Productivity Project.                                                     Adding Share Insurance Coverage for
                                                     The Compact is expected to benefit                                     Lawyers Trust Accounts and Other                                          NATIONAL FOUNDATION ON THE
                                                  2.2 million people over a twenty-year                                     Similar Escrow Accounts.                                                  ARTS AND THE HUMANITIES
                                                  period.                                                                   RECESS: 10:45 a.m.
                                                                                                                                                                                                      National Endowment for the Arts
                                                  [FR Doc. 2015–31366 Filed 12–11–15; 8:45 am]                              TIME AND DATE: 11:00 a.m., Thursday,
                                                  BILLING CODE 9211–03–P                                                    December 17, 2015.                                                        Arts Advisory Panel Meetings
                                                                                                                            PLACE: Board Room, 7th Floor, Room
                                                                                                                                                                                                      AGENCY:  National Endowment for the
                                                                                                                            7047, 1775 Duke Street, Alexandria, VA
                                                  NATIONAL CREDIT UNION                                                                                                                               Arts, National Foundation on the Arts
                                                                                                                            22314–3428.
                                                  ADMINISTRATION                                                                                                                                      and Humanities.
                                                                                                                            STATUS: Closed.
mstockstill on DSK4VPTVN1PROD with NOTICES




                                                                                                                                                                                                      ACTION: Notice of meetings.
                                                  Sunshine Act; Notice of Agency                                            MATTERS TO BE CONSIDERED:
                                                  Meeting                                                                     1. Supervisory Action. Closed                                           SUMMARY:   Pursuant to the Federal
                                                                                                                            pursuant to Exemptions (8), (9)(i)(B),                                    Advisory Committee Act, as amended,
                                                  TIME AND DATE:10:00 a.m., Thursday,                                       and (9)(ii).                                                              notice is hereby given that 15 meetings
                                                  December 17, 2015.                                                          2. Request under section 205(d) of the                                  of the Arts Advisory Panel to the
                                                  PLACE: Board Room, 7th Floor, Room                                        Federal Credit Union Act. Closed                                          National Council on the Arts will be
                                                  7047, 1775 Duke Street (All visitors                                      pursuant to Exemption (6).                                                held by teleconference.


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Document Created: 2015-12-14 13:47:33
Document Modified: 2015-12-14 13:47:33
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice.
FR Citation80 FR 77377 

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