The funds, approved on Friday, will help the government "modernise its national identification system and provide financing to promote innovative startups and job creation", a statement said.
According to the World Bank, almost 5.3 million Moroccans "live under the threat of falling back into poverty due to their socio-economic conditions".
Friday's statement said that $100 million will "aim to develop systems to ensure that social programmes are better targeted and reach the most vulnerable Moroccans".
The remaining $50 million "will help address a market gap in the supply of equity financing for innovative young small and medium enterprises", it said.
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