Morocco : Government and institution measures in response to COVID-19

Morocco has reduced its key interest rate to 1,5% and released 3,3 billion dollars to fight against coronavirus. The Kingdom has also put in place a Business Intelligence Committee (Comité de Veille Economique or CVE) to look at Morocco’s economical situation under the Coronavirus crisis and to take appropriate measures. The CVE includes Morocco’s relevant Ministries, banking professionals’ federation, private sector association, Chambers of commerce, industry and services federation and chambers of crafts federation. The CVE has already taken some measures related to tax, employment and economy stimulus.

Read more from the source : KPMG

Tags : Morocco, coronavirus, covid 19,