TOKYO: Morocco and Japanexchanged noteson Friday fora Japanese ODA loan of up to 27.76 billion yen($193 million) designated asthe “Universal Health Coverage Development Policy Loan.”

Japanese Ambassador to Morocco KURAMITSUHideakiandFouziLekjaa,Morocco’sMinister Delegate to the Minister of Economy and Finance,exchangedthenotesinthe capitalRabat.

The loanwill support the implementation of various policy and institutional reforms to expand theavailability andquality of maternal and child health and nutrition servicesin the country, as well asimprovingthe health insurance system in Morocco.

Itaims to help withthe achievement of universal health coverage in Morocco andtocontribute tothe country’s economy and socio-economic development.

The loan’s interest rate is just1.50percentper annumand can be repaid over a period of 30 years.