Morocco Unveils $12 Billion Economic Stimulus Plan: Investment and Credit Support

During a press conference, the Minister of Finance Mohammed Benchaaboun stated that 45 billion dirhams will be devoted to strategic investment in major projects, while 75 billion dirhams will be used to facilitate access to credit on preferential terms for all categories of companies, with a state guarantee.

In other words, these 45 billion dirhams will have to be injected in the form of thematic funds related to certain sectors. They will also be used to increase capital. As for the 15 billion dirhams, they will be paid this year to the special fund, to be reinvested in various fields, while 30 billion dirhams will be injected as part of partnerships, particularly with the private sector.

According to the national Finance Minister, a strategic fund has been created by a decree-law to manage this 120 billion dirham envelope, corresponding to 11% of GDP. It will be adopted at the next government council and will be implemented before its adoption by Parliament.

The signing of two conventions is also planned. The first with the CGEM and the GPBM. As for the second, which is sectoral, it will focus on tourism and support for the sector during the current crisis, until the end of the year.