fbpx
Cyber-wellness Means Cyber-awareRead more Addressing maternal mental healthcare in AfricaRead more Qatar v. Ecuador to kick off FIFA World Cup 2022™ on 20 NovemberRead more Webb Fontaine Announces Launch of Niger National Single Window (NNSW) to Bolster TradeRead more Ethiopia: Loan from United Nations Fund Allows Food and Agriculture Organization (FAO) to Scale Up Fertilizers for Farmers in TigrayRead more How Choosing the Right Printer Helps Small Businesses and Content Creators to Save Time, Maximise Productivity and Achieve GrowthRead more The United States Contributes USD $223 Million to Help World Food Programme (WFP) Save Lives and Stave Off Severe Hunger in South SudanRead more Eritrea: World Breastfeeding WeekRead more Eritrean community festival in Scandinavian countriesRead more IOM: Uptick in Migrants Heading Home as World Rebounds from COVID-19Read more

Morocco: African Development Bank Commits €87 Million Loan to Widen Social Protection and Strengthen Health Services

show caption
Press Release Photo
Print Friendly and PDF

Jul 13, 2022 - 07:17 AM

ABIDJAN, Ivory Coast, July 12, 2022/APO Group/ — The Board of Directors of the African Development Bank Group (www.AfDB.org) approved an €87 million loan to implement the Support Program for the Generalization of Social Coverage in Morocco.

The primary objective of this operation is to consolidate the foundations of a viable social protection program based on an integrated and inclusive approach.

The program will contribute to extending social protection, particularly for early childhood, young people, and the self-employed.

“Social protection is a major focus of our initiatives in Africa,” said Martha Phiri, the Bank’s Director for Human Capital, Youth and Skills Development. She added that the new program would protect and unlock people’s potential and improve the quality of human capital.

Its second priority will be to respond to a growing demand for health services by reorganizing the supply of care and enhancing human capital. The new program will address the growing demand for health services by catalyzing new investments in health infrastructure, improving the business climate and speeding up economic recovery.

Achraf Hassan Tarsim, the Bank’s Country Manager in Morocco, said the program would benefit 11 million self-employed workers, 1.6 million of whom are farmers – and their dependents, as well as seven million children and young people.  It will also provide insurance for five million self-employed workers and help 20% of informal economy workers to migrate towards formal, sustainable and more stable employment. “We are paving the way for universal coverage,” he added.

The program aligns with Morocco’s human development objectives and the Bank’s High 5s strategic goal to foster sustainable and inclusive growth on the continent.

In a half-century-long partnership with Morocco, the African Development Bank has committed over $12 billion to the country. The portfolio covers health, farming, energy, water, transport, human development and financial sectors.

Distributed by APO Group on behalf of African Development Bank Group (AfDB). Source: APO Group

  • bio
  • twitter
  • facebook
  • latest posts

ZONNTECH.COM uses both Facebook and Disqus comment systems to make it easier for you to contribute. We encourage all readers to share their views on our articles and blog posts. All comments should be relevant to the topic. By posting, you agree to our Privacy Policy. We are committed to maintaining a lively but civil forum for discussion, so we ask you to avoid personal attacks, name-calling, foul language or other inappropriate behavior. Please keep your comments relevant and respectful. By leaving the ‘Post to Facebook’ box selected – when using Facebook comment system – your comment will be published to your Facebook profile in addition to the space below. If you encounter a comment that is abusive, click the “X” in the upper right corner of the Facebook comment box to report spam or abuse. You can also email us.