Morocco Explores Economic Recovery Strategies Post-COVID-19

– byBladi.net · 1 min read
Morocco Explores Economic Recovery Strategies Post-COVID-19

After the success of the first phase of contribution to the covid-19 fund, a second phase is necessary to relaunch the national economy, according to Omar Kettani, professor of economics at the University Mohammed V in Rabat.

According to the university professor, this second phase proves necessary in order to support the relaunch of the national economy after the coronavirus (covid-19) crisis.

In his opinion, around 8% of GDP have been mobilized by the kingdom during the previous phase. This is why he believes that it is possible to relaunch this same mobilization for a second phase after the coronavirus.

For the academic, this experience has shown that there are at least three sources of financing, namely the State, civil society and recourse to borrowing. However, Omar Kettani acknowledges that these quickly mobilizable sources have borne fruit at the moment, as they have allowed Morocco to cope with the economic and social consequences of confinement. "This new effort to mobilize financial resources could rely on the Moroccan citizen who knows how to show solidarity," he specifies.

Recognizing that the rural world has been partly forgotten, the university professor recalls that the recovery policy must now pay particular attention to the rural world. He also stressed the need to invest in high value-added sectors such as industrial production and services "absent in the countryside".