The delay accumulated by some European countries in their vaccination campaigns is likely to be detrimental to the economic recovery, and particularly to the tourism sector in Morocco.
In Agadir, the time has come for hotel closures and sales. While despite the pandemic, some hotels have been able to reopen, many owners have preferred to close or even sell their establishments, but for other reasons.
Rebuilding tourism demand and returning to the pre-health crisis situation where 13 million tourists were welcomed. This is, according to Adel El Fakir, the Director General of the Moroccan National Tourist Office (ONMT), the priority of Morocco for the next three years.
The Parliamentary Group of the Popular Party (PP) has asked the Minister of Foreign Affairs and Cooperation, Arancha González Laya, to urgently set a date for the holding of the high-level meeting with Morocco. For these parliamentarians, the pending bilateral issues are multiplying.
In 2020, the economy of the city of Ceuta experienced the most difficult year in its history, with an 82% drop in its foreign imports. The fault lies with the health crisis and the closure of borders with Morocco.
The head of the International Monetary Fund mission in charge of Morocco, Roberto Cardarelli, recently participated in a PCNS webinar. Among the topics discussed during this virtual meeting was the economic crisis generated by the health crisis.
The Caballas coalition of Ceuta intends to submit to the local Assembly a plan to reconvert the Tarajal industrialists who have ceased their activities since the closure of the borders with Morocco.
Not long ago, Morocco could be pleased to be the only country in the region to have preserved its "investment grade". But with the health crisis, the kingdom has been stripped of this title due to its external debt.
After the actions taken so far in Morocco to fight the spread of the pandemic and maintain the economic fabric, the State risks finding itself very soon without funds. How to replenish the Covid-19 Fund in distress? This is the big question currently being asked by the authorities.
The Covid-19 health crisis has had severe repercussions on the Moroccan economy, leading to an unprecedented recession. In 2020, GDP contracted by 7.1%.
The IMF’s recommendations for reviving growth in Morocco during this health crisis period are strongly criticized by several senior officials. Among these personalities are the High Commissioner for Planning, Ahmed Lahlimi and Abdellatif Jouahri, the governor of the Moroccan central bank.
Scheduled to end on March 31, the amnesty on bounced checks has been postponed. A decree voted on Thursday, March 25, 2021 in the Council of Government has just extended it until the end of the state of health emergency.