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Two loan agreements for grain cultivation and social coverage

Two loan agreements to finance two programs related to the development of cereal cultivation and the generalization of social security were signed on Monday in Rabat by the ministerial delegate in charge of the budget, Fouzi Lekjaa, and the resident representative of the national office of the African Development Bank (ADB) in Rabat, Achraf Tarsim.

These are the Support Program for the Competitive and Resilient Development of Cereal Crops (PADCRC), amounting to €199 million (i.e. approximately 2.16 billion dirhams) and the Support Program for the Generalization of Social Security Coverage (PAGCS), amounting to € 87 million (ie approximately 944 million dirhams). These two agreements were signed in the presence of the Minister of Agriculture, Marine Fisheries, Rural Development and Waters and Forests, Mohammed Sadiki and the Minister of Health and Social Protection, Khalid Ait Taleb.

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