$10 Billion is the Cost of Reviving the Moroccan Economy After “Corona”

  • Rabat, Morocco
  • 29 May 2020

The General Union of Moroccan Enterprises, which represents the interests of businessmen, estimated the cost of the measures aimed at reviving the Moroccan economy, after the repercussions caused by the Coruna virus, between eight and ten billion dollars.

Officials of the General Union of Moroccan Contractions, considered that the cost of the loans that will benefit from the "take-off guarantee" provided by the state will reach $6 billion, while it will require the support of government companies, in order to pay the dues of private suppliers in one billion dollars.

The Union believes that the establishment of investment funds with the aim of recapitalizing companies will require a financial cost ranging between one billion and two billion dollars, as it is required to rely on public or sector funds to finance structured contracts in semi-private funds to mitigate losses and finance growth.

The Union, which represents the interests of businessmen in Morocco, expects to allocate one billion dollars in order to support companies in order to implement the demand of businessmen aimed at activating partial unemployment and reducing value-added tax.

Source (New Arab newspaper, Edited)

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