
Morocco Delays National Loan Launch to 2022, Cites Unfavorable Conditions
The government has decided to postpone once again the launch of the national loan. It could take place at the start of next year.

The government has decided to postpone once again the launch of the national loan. It could take place at the start of next year.

The government has announced that a credit of 16.2 billion DH has been planned in the 2022 Finance Bill to subsidize the prices of butane gas and food products.

The Moroccan employers’ association has just presented its recommendations as part of the 2022 finance bill, currently under examination in parliament.

The head of government will receive a basic salary of 32,000 DH to which are added a representation allowance of 18,000 DH, a housing allowance of 15,000 DH and fitting-out expenses of 5,000 DH, giving him a monthly remuneration of 70,000 DH.

The number of Internet subscribers in Morocco stood at 31.3 million in the first half of this year, up 15.1%.

The costs of Covid-19 screening tests will now be reimbursed by the National Fund for Social Welfare Organizations (CNOPS) . This decision mainly concerns tests carried out since September 10, 2021.

Like many countries in the world, the Moroccan economy has been shaken by the Covid-19 pandemic. Despite the timid recovery observed in recent months, due to the success of the vaccination campaign, difficulties persist.

Moroccan biologists continue to protest against the order regulating and setting the retail prices of SARS-Cov-2 virus detection tests . They criticize the prices of consumables and reagents and call on the authorities for an urgent meeting.

In a context marked by an unprecedented health and economic crisis, Moroccan banks have conducted their activities in a resilient manner and are showing satisfactory performance at the end of the first half of this year. The general improvement in performance indicators confirms the effectiveness of the recovery strategy implemented by the Moroccan authorities.

The World Bank’s Board of Directors granted a new loan to Morocco on Tuesday, September 7, 2021. This financing will be used to develop the public sector.

The Moroccan authorities decided on Monday to lower the prices of Covid-19 screening and diagnostic tests. The new capped rates take effect from September 10, 2021.

Following cyclical indicators showing a gradual recovery of tourism activity in Morocco in June 2021, the Directorate of Studies and Financial Forecasts (DEPF) is rather optimistic for the coming months.