Morocco Unveils Rescue Plan for Tourism Sector Amid Coronavirus Crisis

Among the measures proposed to support the sector are the deferral and cancellation of social security contributions (CNSS/CIMR) and tax rebates (IR, IS, VAT) for the entire period of the current health crisis. There is also the deferral of bank maturities for 12 months, the maintenance of credit lines and the opening of borrowing lines for 12 months, with a reduction in the interest rate to 2%.

The president of the CNT, Abdellatif Kabbaj, also mentions the establishment of a Support Fund for tourism companies to deal with the consequences of the crisis and the implementation of a partial unemployment scheme.

The president of the CNT hopes that things will return to normal by then, otherwise "the tourism sector will lose 34 billion dirhams in terms of turnover by the end of the year".