Morocco is preparing its economic recovery 1
#Business #DecisionMakers #EconomicAnalysis #Economy #News #MOROCCO
Rédaction Ecomnews Med
Thursday 14 May 2020 Last update on Thursday, May 14, 2020 At 7:29 AM

Morocco’s management of the Coronavirus epidemic has been “impressive”. This article takes a look at the Moroccan’s policy.

Morocco’s management of the Coronavirus epidemic has been deemed “impressive” and the country has become a model that inspires the international community. “The COVID-19 crisis allows the world to discover various management models. Many governments were overtaken by the corona virus and its unpredictable repercussions. Morocco is doing well and even became a model“, wrote France Soir, a widely read French newspaper.

Morocco is preparing its economic recovery 

Morocco is preparing its economic recovery with a “take-off plan”. The details are yet to be revealed by the Economic Vigilance Committee, before the end of the public health emergency which extends until May 20th.

The government started to draw up a plan to revive the national economy, after the fallout from the Coronavirus which affected the most important productive and service sectors, raising the unemployment rate to over 10.5%. In fact, vital economic sectors were affected, most notably industry, tourism and agriculture. This plan will help the government revive the national economy, which contracted this year after the fallout of this pandemic.

Moreover, the Economic Vigilance Committee revealed that the recovery will be based on sectoral recovery policies. The process will take into account the specifics of each production sector. Transversal measures like the reducing of the State’s payment deadlines to SMEs, the postponement of loan payment collection and the implementation of “partial unemployment” benefits were taken two months ago.

Mohamed Benchaaboun, the Minister of Economy, Finance, and Administration Reform, says that the transportation, the service and the food industry, which represent 41 % percent of the non-agricultural gross output, have not stopped. He added that this rate would be increasing to 53 % if public administrations are taken into account. 

Coronavirus: how Morocco has mobilised its industry to produce 7 million masks per day 

The general mobilisation of the Moroccan textile industry to produce protective equipment is imperative. The North African country now produces 7 million masks per day, which is 49 million masks per week. Moreover, 17 Moroccan factories operate day and night to produce masks and in the near future, production will reach 10 million masks per day. 

Florian Philippo, a French member of the European Parliament, said that Morocco did not depend on the import of Chinese masks, which was the strategy adopted by France and many other industrialised countries. Philippo praised Morocco’s “efficiency and anticipation” and the Moroccan government’s intervention to fix the prices of face masks, which are available for only € 0.07 per unit. Meanwhile, in France for example, face masks reach prices as high as € 8.50 or € 10 per unit.

The Moroccan government has announced on April 7th that wearing protective face masks in public spaces and communal workspaces is mandatory. This decision is in line with the national efforts in order to contain the spread of COVID-19. Moreover, the ministries have taken all necessary measures to ensure the commercialisation of protective masks at all shops and stores in the country. People that are allowed to leave their house for groceries are required to carry their exceptional movement permits and wear medical masks.

In order to make protective masks effective, the Moroccan ministries of industry and health urged industrial firms, production units and companies to provide their employees with sufficient protective masks to avoid the contamination of the products and to help slow the spread of the Coronavirus. They also emphasized that employees should change their masks every four hours and called on companies to comply with preventive measures and recommendations to protect staff members from infection.