A loan agreement in the amount of 236.7 million euros was signed on Monday by the Minister of Economy and Finance, Nadia Fettah Alaoui and the Director of the Maghreb and Malta Department at the Regional Office for the Middle East and North Africa (MENA) of the World Bank (WB), Jesko Hentschel.
The Ministry of Economy and Finance has reacted to rumors that the government had planned to grant a financial aid of 1,700 dirhams to Moroccans as a form of support in these difficult times.
The unemployment rate in Morocco fell by 0.4 percentage points at the end of June at the national level, according to the Minister of Economy and Finance.
Despite a difficult international context, tax revenues recorded a significant increase in 2021, reaching nearly 153.46 billion dirhams (MMDH), an increase of 6% compared to 2020, according to the Ministry of Economy and Finance.
As of the end of last May, tourism activity revenues stood at 20 billion dirhams, up 173.1% compared to the same period a year earlier.
In Morocco, violations of the Urban Planning Code are commonplace. In Benslimane in the seaside resort of Mansouria and in Bouznika, public domains have been illegally exploited, now housing hundreds of luxury residences.
Although the underemployment rate is declining, the level of underemployment remains high in Morocco. This is revealed by the latest study by the Directorate of Studies and Financial Forecasts (DEPF) of the Ministry of Economy and Finance, on underemployment.
At the end of last June, Moroccan customs collected more than 41.6 billion dirhams, up 22.9% compared to last year’s figures.
For a few months now, tourism revenues have been on the rise in Morocco, largely thanks to the spending of foreign tourists. The Chinese, Israeli (of Moroccan origin) and American clienteles are the biggest spenders, according to professionals.
Faced with the continuous rise in the prices of gasoline and diesel in Morocco, activists intend to organize a new campaign to boycott the petroleum products sold by several companies, including Afriquia of the Aziz Akhannouch group.
The Moroccan government does not have the capacity to subsidize the price of fuels . This is the response provided this Monday by Nadia Fettah Alaoui to deputies in the face of their insistence on knowing the new measures the authorities intend to implement to deal with the surge in fuel prices.
The flow of tourist arrivals in Morocco has increased sharply during the first four months of the year, reaching 1.5 million tourists, according to the Ministry of Economy and Finance.