The program will thus contribute to extending social protection, in particular to early childhood, young people and the self-employed.
“Social protection is a major axis of our interventions on the continent. In the service of the well-being of the populations, this new program protects at the same time as it releases their potential and improves the quality of human capital”, affirmed Martha Phiri , director of the AfDB’s Human Capital, Youth and Skills Development Department, quoted in the statement.
Its second priority will be to respond to a growing demand for health services through the reorganization of the supply of care and the enhancement of human capital. It also sets itself the objectives of catalysing new investments in health infrastructure, improving the business climate and accelerating economic recovery.
“We are paving the way towards universal coverage,” said the Bank’s country manager for Morocco, Achraf Hassan Tarsim.
“Supporting figures, this program will thus benefit eleven million self-employed workers, including 1.6 million farmers, including their dependents”, continued Mr. Tarsim, adding that “seven million children and young people will also be covered”.
“It will also ensure five million self-employed workers and help 20% of workers in the informal sector to migrate to formal, sustainable and more stable jobs,” he added.
Responding to the Kingdom’s human development objectives, the project falls within the framework of the Bank’s five strategic priorities aimed at establishing the conditions for sustainable and inclusive growth on the continent.
In half a century of partnership with Morocco, the African Development Bank has committed more than $12 billion to the country. Funding covers the sectors of health, agriculture, energy, water, transport, human development and the financial sector.
