Moroccan Business Leaders Unveil 7-Point Plan for Economic Recovery Post-Lockdown

The economic recovery, in general, and the resumption of business activities in particular, are an imperative for the Moroccan employers. To this end, the employers have made a series of proposals for the success of the resumption of activities. These are 25 sectoral recovery plans and 508 proposals for measures from the Professional Federations, contained in a 125-page document.

The employers emphasize 7 main proposals for economic recovery. For each proposal, it has indicated concrete actions and measures to be implemented. The CGEM proposes the management of the wage bill, the extension of compulsory health insurance (AMO), public procurement policies and the orientation of local content, the maintenance and prioritization of public investments and purchases. This is in addition to the granting of long-term debts conditional, the implementation of mechanisms for the reconstitution of equity capital and the establishment of a value-added tax incentive to demand and the fight against the informal sector. All aspects of the life of companies after deconfinement, including compliance with health measures against the covid-19 pandemic, accompany these main measures.

The recovery plan is the result of a consultation process with all the branches of the economic sector launched by the CGEM in mid-April. "The plan is massive, coherent, integrated and balanced between the State, the private sector and the citizen," said the CGEM. The employers believe that trust, transparency, efficiency and inclusion are the levers that will guarantee the success of the recovery. It wishes to give itself every chance of success in the recovery, after more than two months of confinement due to covid-19. It has based its recovery plan on three main pillars: "safeguarding the Offer and healthy exit from the crisis", "stimulating demand through a more interventionist role of the State" and "implementing transversal mechanisms, for the acceleration of the transformation of the national economy".