Morocco Considers Permanent Crisis Fund in Wake of COVID-19 Pandemic

According to the CESE, which made this recommendation in a study published on Thursday, this fund will allow the State to play the role of "insurer for all", through permanent insurance mechanisms with the aim of pooling risks and mitigating the effects on businesses.

To have positive impacts, the CESE recommends financing this fund, in the long term, through several mechanisms, including the taxation of unproductive capital and the allocation of a percentage of general revenues, according to the realized growth rate. Also, the management of this fund will have to be exemplary according to determined regulations, insists the institution.

The CESE study responds to the need to develop approaches capable of effectively combating the health crisis, but also to the urgency of creating a new development model for Morocco.