Morocco Unveils $4 Billion Plan to Boost Local Production, Reduce Imports

Before the House of Advisors, Head of Government Saâeddine El Othmani presented the measures developed by the government to reduce the impact of the crisis on the national economy. In his presentation, the Head of the Executive specified that his government intends to continue the effort made on the public investment front despite the reduction in state resources, estimated at 40 billion DH. He also recalled that more than 74,000 companies have benefited from financing with a state guarantee.

The Head of the Executive recalled the major reform of the government to support national production: "40 billion dirhams of imports have been replaced by local production, in addition to the creation of a project bank for companies wishing to produce a certain number of products whose import was planned," announced the Head of Government.

For Saâeddine El Othmani, the government has advocated for the acceleration of the digital transformation, a very important project in the field of education, public services and support for the national economy.