ANNOUNCEMENT 29 Jul 2020

In July 2020, King Mohamed VI announced MAD 120 billion stimulus package to be injected in the Moroccan economy. 

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Morocco world news, Economy Minister Details Morocco’s MAD 120 Billion Stimulus Package, 4 August 2020.
Available at: https://www.moroccoworldnews.com/2020/08/314050/economy-minister-details-moroccos-mad-120-billion-stimulus-package/

The North Africa Post, Morocco’s Strategic Investment Fund to give priority to productive activities, 8 August 2020.
Available at: https://northafricapost.com/43030-moroccos-strategic-investment-fund-to-give-priority-to-productive-activities.html

Al-Rayi Newspaper, Morocco Officializes MAD 120 Billion Stimulus Package, 7 August 2020, Available at: https://www.alraiy.com/morocco-officializes-mad-120-billion-stimulus-package

Inception date: 29 Jul 2020 | Removal date: open ended

State aid, unspecified

On 29 July 2020, King Mohammad VI announced MAD 120 billion (approx. USD 12.84 billion) stimulus package.

The package will be directed into investments in major projects with a value of MAD 45 billion (approx. USD 4.81 billion):

  • MAD 15 billion (approx. USD 1.6 billion) will focus on investing in the sectors most affected by COVID-19 outbreak.
  • MAD 30 billion (approx. USD 3.21 billion) will be disbursed into the economy through public-private partnerships.

 

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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Inception date: 29 Jul 2020 | Removal date: open ended

State loan

On 29 July 2020, King Mohammad VI announced MAD 120 billion (approx. USD 12.84 billion) stimulus package.

The package will be directed into financing business with a value of MAD 75 billion (approx. USD 8.02 billion). The budget will ease access to loans with lower interest rates and will allow businesses to re-launch their activities.

 
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