Social protection: World Bank approves $500 million loan to Morocco

by times news cr

This financing is the second in⁣ a series of three operations which support the government’s reform program, indicates ⁢the international ⁤financial institution in a press release.

The financing program​ “in support of development ⁤policies for the strengthening of human capital and a resilient ‍Morocco is​ primarily aimed at vulnerable populations” who have been hardest hit by the various shocks that ‌Morocco has⁢ experienced since the COVID-19 pandemic, including drought and other climate-related risks, inflation​ and, most recently, the Al Haouz earthquake, the statement added.

“Morocco, like‍ many other ​countries, continues to face a series of shocks, and the most vulnerable populations are​ the most affected,” said Jesko Hentschel, country director for⁣ the⁢ Maghreb and Malta at the World Bank. cited in the‍ press release.

“Moroccans demonstrate strong resilience, and to support ⁢them in this effort, the government will continue ‌to expand health insurance coverage, promote better access to affordable⁤ health care at the national level,‍ strengthen governance in the health sector, to support⁢ the implementation of the direct‌ social‌ assistance program, and to improve protection against climate risks,” he added.

“Over the past year, the government has made significant progress in implementing reforms,” underlines ​the World Bank,⁢ which⁤ notes, in this regard, that the number of people eligible for compulsory health insurance ( AMO) more than doubled, going from ⁤10 million (beneficiaries of RAMED,​ the medical assistance scheme) to 22 million (eligible for​ AMO-Tadamon and ‌AMO-TNS).

In addition, the legal framework of the health sector was reviewed, which made it possible to reorganize the national health system, notes the‌ international financial ​institution, noting that this second cycle of financing ⁤will also make it ⁢possible to⁤ adapt health services⁢ in order‌ to better respond to health risks.

The new funding ⁣also supports reforms aimed at creating ⁣and implementing the direct social assistance program announced⁣ by HM King Mohammed VI in ‌October⁤ 2023, which⁣ constitutes a crucial step in the harmonization and expansion of the protection system social, says the press ⁣release.

In addition, the‍ funding will continue to support the government⁢ in strengthening the institutional and coordination framework for‌ climate and disaster risk management and‌ in the development of insurance schemes and other solidarity mechanisms ⁢to‌ protect farmers, often vulnerable to droughts and ⁢other extreme ‌climatic events, according to the same source.

The⁢ World⁣ Bank will continue‍ to support key dimensions of social protection and health reforms during the upcoming next phase⁤ of implementation which includes a gradual move towards universal coverage ⁢of health insurance ​and ⁣direct social supports as ‍well as the expansion​ of pension plans to reduce poverty among the elderly, says ​the ​Washington-based financial institution.

Interview between Time.news⁤ Editor and Jesko Hentschel, World Bank Country Director for ‌the ⁤Maghreb and Malta

Time.news ‌Editor: Good day, Jesko. It’s great ‌to have you here to​ discuss the‍ recent financing ⁣program initiated ⁤to support Morocco’s reform agenda.‍ Can​ you explain the⁢ main objectives of this​ program?

Jesko Hentschel: Thank​ you for having me. The financing program is part of a series ‌of three operations aimed primarily at reinforcing ‍human capital and building⁤ resilience in Morocco. Our focus is on⁤ supporting vulnerable populations who have faced multiple shocks, particularly since the onset ⁤of the COVID-19 pandemic. ‌These shocks include not just the pandemic ⁢but ⁣also severe droughts, inflation, and the tragic Al Haouz earthquake.

Time.news Editor: You’ve mentioned vulnerable populations being the ⁤focus of ⁢this⁢ initiative. ​Can ⁢you elaborate ⁢on how these groups have been affected ⁣and what specific measures the government is implementing to support⁣ them?

Jesko Hentschel: Absolutely. Vulnerable populations in Morocco ⁤have experienced significant hardships due ⁢to a combination of economic and environmental challenges. These challenges have made access to essential services, ⁢like healthcare and social safety ⁣nets,‍ increasingly difficult. To address these issues, the Moroccan ‌government is expanding health insurance ​coverage, enhancing access to affordable healthcare, and implementing direct social assistance programs. We’re also⁤ working on improving ​climate resilience to better protect⁤ these communities against future risks.

Time.news Editor: That’s quite comprehensive.⁣ How has the government’s response evolved over the past year ⁤in terms of ​reform implementation?

Jesko Hentschel:⁤ Over the past year, we’ve seen notable progress in the Moroccan government’s reform initiatives. ⁣They have‌ worked diligently not only to increase the number of people eligible ‍for compulsory health insurance but ⁤also to strengthen governance in the health sector. This is ​critical⁢ as ‌it ensures that resources are managed efficiently and effectively to maximize their‌ impact on public health.

Time.news Editor: These efforts sound promising. How⁤ important‌ is it‌ for ⁢Morocco to foster resilience in face of these ongoing challenges, and‍ what role does the World Bank play in this regard?

Jesko Hentschel: Fostering resilience is crucial for⁢ Morocco, particularly as it faces compounded challenges from‍ both climate change and economic instability. The ​World Bank is here ⁣to provide financial⁢ resources,⁢ technical expertise, and policy guidance to support⁢ Morocco’s goals. Our collaborative efforts aim to enhance the government’s capacity⁢ to protect its ​citizens and​ stimulate sustainable economic growth.

Time.news Editor: ‌Looking ahead, what‍ are some key areas ‍you believe Morocco should prioritize to ensure these reforms lead to⁤ lasting change?

Jesko‍ Hentschel: Moving ‍forward, it ‌will be critical for Morocco to prioritize‍ investment in education ⁢and skill development, alongside the health sector enhancements. Empowering the next generation with ‌knowledge and ⁣skills can drive economic diversification and innovation.⁢ Additionally, a continued focus on climate adaptability and sustainable ‌agriculture⁣ will be essential for long-term resilience and food security.

Time.news Editor: Those​ are insightful⁢ points. As we conclude, what message would you like to convey⁣ to​ our readers about Morocco’s journey ahead?

Jesko Hentschel: I would like to convey that although Morocco faces significant challenges, the resilience and ‍determination of its people are remarkable. With continued support from international partners and an unwavering commitment from the ⁣government, I believe we can⁢ transform these challenges into opportunities for growth and development. It’s a shared journey, and every effort counts.

Time.news⁣ Editor: Thank ⁢you, Jesko, for sharing your insights today. It’s clear that Morocco is on a path of significant reform, and ⁢we look forward to seeing the positive outcomes of these initiatives.

Jesko Hentschel: Thank you for having me. It’s been⁣ a pleasure discussing these important issues with you.

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