Morocco-AfDB: Two loan agreements signed to finance cereal production, social coverage programs

Morocco-AfDB: Two loan agreements signed to finance cereal production, social coverage programs
AfDB website
Monday 7 November 2022 - 19:18

Two loan agreements for the financing of two programs on the development of cereal growing and the generalization of social coverage, were signed, Monday in Rabat, by Minister Delegate to the Minister of Economy and Finance, in charge of the budget, Fouzi Lekjaa and Resident Representative of the African Development Bank (AfDB) Country Office in Rabat, Achraf Tarsim.

These are the Support Program for the Competitive and Resilient Development of Cereals (PADCRC), worth €199 million (about 2.16 billion dirhams) and the Support Program for the Generalization of Social Coverage (PAGCS), worth €87 million (about 944 million dirhams).

The two agreements were signed in the presence of Minister of Agriculture, Fisheries, Rural Development and Water and Forests, Mohammed Sadiki and Minister of Health and Social Protection, Khalid Ait Taleb.

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