Funding: The World Bank provides 500 million dollars to Morocco

Structured around three components, this funding in support of development policies in favor of the Moroccan government aims to strengthen human capital and the stability of the health system.

$ 500 million. This is the loan approved on Friday by the World Bank for Morocco. This loan is intended to improve protection against health risks, loss of human capital during childhood, poverty among the elderly and risks related to climate change in Morocco.

This is, according to the World Bank, the first operation in a series of three financing in favor of a government reform program that also benefits from the support of other development partners. This funding in support of development policies aims to strengthen human capital and the stability of the health system.

And this, by expanding and deepening health insurance, specifically for vulnerable people, by increasing the number of health professionals and by adapting care services to better respond to health risks associated with climate change.

By focusing on climate-vulnerable populations, this financing will also gradually generalize a system of adaptive family allowances for children, to expand the scope of the pension system and to improve protection against climate events.

According to the World Bank, the Moroccan economy experienced a strong recession in 2020, increasing poverty as a result of the pandemic context and two years of drought.

According to the same institution, the Kingdom is gradually emerging from this crisis, and recorded a stable growth rate in 2021. However, the current agricultural season is faced with drought, in addition to the effects of the war on Ukraine on the prices of agricultural raw material products, which puts additional pressure on the vulnerable.

A program structured around three parts
“Moroccans have faced many turmoil in recent years, including a global pandemic, climate change, inflation and drought. This program will help Morocco make health insurance universal, to deploy an important program of family allowances and to better protect the population against risks, including the causes of climate change ”, explains Jesko Hentschel, Maghreb and Malta country director for the World Bank.

In detail, the program revolves around three parts. The first aims to assist and protect citizens, especially climate -vulnerable populations, against health risks with a focus on the causes of climate change. “This includes expanding the coverage of the Compulsory Health Insurance (AMO) scheme to approximately 11 million individuals and their dependents, and supporting the improved targeting of the medical assistance scheme (RAMED),” said Jorge A. Coarasa, Senior Economist and Co-Head of the project at the World Bank.

Second, this funding will also support the integration of all child-focused social care schemes into an integrated child benefits program, as well as expanding its coverage, enhanced targeting of child benefits. and other schemes thanks to a unified social register and the implementation of the new pension scheme for self-employed workers.

“Transforming a series of unique schemes into an adaptive and climate-smart social protection system will help the development of human capital during childhood and better protect against the risk of poverty in old age,” Mahdi said. Barouni, senior economist and project co-lead at the World Bank.

Strengthen the institutional framework of the government
For the third part, it aims to help the government strengthen the institutional framework and coordination for the management of disaster and climate risks, developing new mechanisms to protect vulnerable farmers against drought and other extreme climatic conditions. events, or even providing assistance. in the face of the consequences of the late onset of rainfall during the 2021-2022 agricultural campaign.

“Climate change brings many challenges to Morocco. The country is in a situation of structural water stress and rainfall levels have become increasingly erratic in recent years. It will continue to face climatic shocks like this. of drought, floods and heat waves, all risks that are particularly vulnerable to women, youth and the rural population. This new financing will help increase Morocco’s climate resilience, “concluded Javier Diaz Cassou, Senior Economist and Co-Head of the project at the World Bank.

Yassine Saber / ECO Inspirations




Leave a Comment