Morocco Unveils $200 Million Tourism Rescue Plan Amid Pandemic Challenges

Five flagship measures have been adopted as part of this program. There is the extension of the payment of a lump-sum allowance of 2000 DH during the first quarter of 2022, for all employees in the tourism sector, tourist carriers and classified restaurants. There is also the deferral of social security contributions for six months for these same employees.

As a third measure, there is the establishment of a moratorium on bank maturities for a period of up to one year, for hoteliers and tourist carriers. The intercalary interest will be borne by the State for a period equivalent to the months of inactivity in 2021, as well as the first quarter of 2022.

The two other measures that complete the list are the state’s coverage of the professional tax owed by hoteliers in 2020 and 2021, and the granting of a state subsidy to the hotel sector for a total amount of one billion DH. The purpose of this aid is to support the investment effort (maintenance, renovation, training...) of hotels wishing to prepare for a rapid resumption of activity as soon as the borders reopen.