Morocco’s Covid-19 Fund Surpasses $1.8 Billion, Telecom Giant Among Top Donors

Since the announcement of the creation of the "Special Fund for the Management of the Covid-19 Pandemic" endowed with 10 billion dirhams from the state budget, no official announcement has been made on the amounts collected.

According to the General Treasury of the Kingdom, the Fund recorded revenues of around 18.3 billion dirhams which do not appear in the table.

The amounts received or to be received, as well as the donors, are as follows:
• Maroc Telecom (ANRT fines): 3.3 billion dirhams,
• OCP; 3.03 billion dirhams,
• General State Budget; 2.5 billion dirhams (10 billion dirhams announced),
• Hassan II Fund: 1 billion dirhams,
• Afriquia Gaz: 1 billion dirhams,
• ANCFCC: 1 billion dirhams.
• BCP: 1 billion dirhams;
• CNSS: 500 million dirhams,
• MCMA Vie: 500 million dirhams;
• OFPPT: 500 million dirhams,
• BMCE Bank: 500 million dirhams (1 billion dirhams announced).

Set up to counter the covid-19 pandemic, the Special Fund for the Management of the Covid-19 Pandemic was created to cover the costs of upgrading the medical system, supporting the national economy to cope with the shocks induced by this pandemic, preserving jobs and mitigating the social repercussions of the pandemic,...

Note that on March 28, the Ministry of Economy and Finance announced "the allocation of 2 billion dirhams for the strengthening of the medical system". According to the ministry, this amount was mainly used for: the purchase of medical and hospital equipment (1,000 intensive care beds, 550 respirators, 100,000