The Board of Executive Directors of the African Development Bank (AfDB) has approved a loan of 115 million euros to finance the third phase of the PARCOUM Program to support key institutional reforms of medical coverage in Morocco. The program will be implemented in 2014.

PARCOUM aims to reduce cost and expand social safety nets for the poorest and most vulnerable in order to provide equitable access to quality health care for all Moroccans. This program is a major component of the Bank’s fight against poverty and our inclusive growth agenda, said Zondo Sakala, AfDB Vice-President for Country and Regional Programs and Policy.

For further read, please navigate to http://www.afdb.org/en/news-and-events/article/afdb-approves-eur115-million-for-inclusive-and-universal-health-coverage-in-morocco-12712/