Japan to Assist Morocco’s COVID-19 Response With $200 Million Loan ...Morocco

Japan has agreed to loan Morocco $200 million (approximately MAD 1.8 billion) to support the country’s response to the COVID-19 pandemic.Morocco’s Minister of Economy Mohamed Benchaaboun signed today, December 2, an exchange of notes relating to the loan with Japan’s Ambassador to Rabat, Takashi Shinozuka.The exchange of notes serves as an agreement between the Moroccan and Japanese government to begin the procedure for executing the loan.The practical loan agreement, meanwhile, was between the Moroccan Ministry of Economy, represented by Minister Benchaaboun, and the Japanese International Cooperation Agency(JICA), represented by its envoy to Morocco, Kenji Yokota.The African Developm

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