African Development Bank loans Morocco 204 mln USD for social protection
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E-mail Xinhua, February 22, 2020
The African Development Bank (AfDB) said on Feb. 21 that it will loan Morocco 204 million U.S. dollars for the Social Protection Improvement Support Program, official news agency MAP reported.
The loan will be spread over four years in company of an integrated support program for the improvement of social protection in Morocco, said Minister of Economy and Finance Mohamed Benchaaboun during the signing ceremony.
The aim is to achieve 80 percent social security coverage in Morocco by 2023, Benchaaboun added.
The program covers the construction of hospitals in the southern cities of Guelmim and Ouarzazate, the upgrading of some 100 hospitals in rural areas and 31 social protection facilities in the regions of Beni Mellal-Khenifra, Guelmim-Oued Noun and Daraa-Tafilalet, he noted.
Leila Farah Mokaddem, resident representative of AfDB's national office in Morocco, said the program will help strengthen medical coverage and develop quality health services.
Morocco is one of the main beneficiaries of AfDB's funding, with a cumulative commitment of more than 10 billion dollars.
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