Social protection : World Bank approves $400 mln loan to Morocco

(with MAP)
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The World Bank (WB) has approved a $400 million package to support Morocco's social protection system, as part of the Kingdom's sweeping reforms to strengthen its social safety nets.

«Morocco has reacted decisively and swiftly to support the most vulnerable during the COVID-19 pandemic and is now accelerating reforms to strengthen its social protection system that we, at the World Bank, are proud to support», said Jesko Hentschel, World Bank Maghreb Country Director, as quoted in a statement by the Washington, D.C.-based financial institution.

«This project supports the country in its response to the pandemic as well in its plans to build a broad, effective and vital safety net system for vulnerable populations», he added.

The COVID-19 Social Protection Emergency Response Project will support poor and vulnerable households during the pandemic and strengthen their resilience to future shocks.

The program will also finance social assistance to vulnerable groups while building the capacity of the poorest to overcome the crisis.

This support covers both the emergency cash transfers provided through Morocco's Covid-19 Special Fund as well as those to be channeled through existing social protection programs, the statement said.

«The project fully supports the Government of Morocco's efforts and ambitions to strengthen its social protection system, by contributing to the Family Allowance rollout as well as improving the governance, digital infrastructure and harmonization of social assistance programs», the WB concluded.

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