
Morocco Introduces Telework Option for Civil Servants, Covering Equipment Costs
The Minister of Economy, Mohamed Benchaâboun , announced the possibility now offered to civil servants to work remotely.

The Minister of Economy, Mohamed Benchaâboun , announced the possibility now offered to civil servants to work remotely.

The Minister of Economy and Finance, Mohamed Benchaâboun , called on Tuesday, May 19, for companies to resume their activities after Eid El Fitr. He was facing members of the House of Advisors who questioned him about the economic and financial measures planned by the government to mitigate the impact of the covid-19 health crisis.

Faced with the deep crisis caused by the covid-19 pandemic, the Minister of Economy, Finance and Public Administration Reform is expected on Monday in parliament for a major oral on the economy.

[Mohamed Benchaâboun] affirms that the Moroccan economy is able to withstand the consequences of the coronavirus. This, thanks to the various support the kingdom receives from bilateral and multilateral donors.

Bank Al-Maghrib and the Ministry of Finance are working on the triggering of the next stage of the reform related to the flexibility of the dirham. But prerequisites must be defined upstream.

$204 million. This is the amount of the loan granted by the African Development Bank (AfDB) to Morocco to finance the Support Program for the Improvement of Social Protection (PAAPS). The loan agreement was signed on Friday in Rabat.

Morocco wants to take a new step in the process of flexibility of the dirham.

The average annual expenditure of Moroccan families on food products is around 5,800 dirhams. This is indicated by data from the Ministry of Economy and Finance.

Kristalina Georgieva, the new Managing Director of the International Monetary Fund (IMF), is expected in Morocco as early as February 19 on economic development issues.

The Moroccan government wants to equip crowdfunding with a legal framework. The crowdfunding bill was presented to Parliament last Tuesday by the Minister of Finance.

The Minister of Finance, Mohamed Benchaâboun, has just canceled the measure of total exemption from income tax (IR) for retirees, before the finance committee of the first chamber of Parliament. The latter met to proceed with the second reading of the Finance Bill (PLF).

Morocco issued a bond on the international financial market on Thursday, November 21 for an amount of one billion euros. This loan will cost 1.5% interest rate.