The Moroccan government revealed the details of the plan announced by the Moroccan king, Mohamed VI, to revive the economy by injecting new investments and reforming state companies.
In this context, Moroccan Minister of Economy and Finance Mohamed Benchaaboun pointed out that "the priority that is to be achieved by pumping $12 billion into the economy is to create job opportunities," stressing that "Morocco is moving towards universal health coverage and standardization of support programs."
Benchaaboun provided clarifications about the plan announced by the Moroccan king, Mohamed VI, on the occasion of the twenty-first anniversary of his ascension to the throne, as he revealed the trend towards pumping $12 billion and creating a fund for strategic investment and universal social protection.
Benchaaboun emphasized that $4.5 billion out of $12 billion will be directed to strategic investments, explaining that the money will be directed towards major projects or infrastructure in the framework of a partnership between the public and private sectors, and this money will be used to develop companies, by giving priority to all those projects to create jobs. He stressed that this sum will be directed to investing in infrastructure, keeping pace with small and medium-sized companies, and technological innovation.
He added: $1.5 billion will be directed this year to the Strategic Investment Fund, before pumping $3 billion into companies with financial institutions and the private sector. While $7.5 billion out of $12 billion will be used to facilitate access to state-guaranteed financing, as all public and private companies will benefit from these guarantees.
Source (New Arab newspaper, Edited)
