Tag: Social Protection program
Emerging Markets Finance Headlines Morocco

WB supports Morocco’s social protection efforts with $250 Mln funding

North Africa PostComments Off on WB supports Morocco’s social protection efforts with $250 Mln funding

The World Bank has agreed to provide Morocco $250 million funding to support the country’s social protection system which has improved living standards of vulnerable households and expanded access to essential services. In December 2023, Morocco launched the Direct Social Benefit (DSB) program as a key component of the national social protection reform. As of […]
Headlines Morocco

Morocco’s social protection program to curb informal sector

North Africa PostComments Off on Morocco’s social protection program to curb informal sector

Morocco has adopted an ambitious program to generalize social protection and mandatory health coverage to all citizens, in a move conducive to the government’s efforts to curb the size of the informal sector, the central bank governor Abdellatif Jouahri said. The informal sector represents 30% of Morocco’s GDP and reducing its scale requires policies that […]
Finance Headlines Morocco

AfDB Loans Morocco $204 Million to Improve Social Protection

North Africa PostComments Off on AfDB Loans Morocco $204 Million to Improve Social Protection

The African Development Bank (AfDB) has granted Morocco a $204 million loan, destined to finance the Social Protection Improvement Support Program (PAAPS).   The loan, extended over 4 years, will back an integrated support program for the improvement of social protection in Morocco, the aim being to achieve 80 per cent social security coverage in […]