Speaking at the signing ceremony of a financing agreement of 500 million U.S. dollars, representing the first tranche of the loan dedicated to strengthening human capital for a resilient Morocco, Hentschel said that the reform is characterized by a “very important comprehensiveness, and it is very ambitious and innovative”.
He explained in this sense that this reform is integrated since it covers the major risks of the population, including the risks of disease, poverty among the elderly and the risks related to climate change in Morocco.
In addition, it is very ambitious with the aim of covering 11 million people to integrate them into the social system, he added.
Regarding the innovative side, Hentschel praised the increase in public coverage in Morocco. In this regard, he cited the single social register that will be the basis for mandatory health insurance and family allowance.
Signed by Minister Delegate to the Minister of Economy and Finance, responsible for the Budget, Fouzi Lekjaa, and Hentschel, the funding aims to improve protection against health risks, loss of human capital in childhood and poverty in old age, as well as to consolidate the management of climate risks and resilience to catastrophic events.
