Public Management

Morocco’s govt gives top priority to social issues in its Amending Finance Law

Morocco’s govt gives top priority to social issues in its Amending Finance Law
Friday, 10 July 2020 14:51

Social issues are at the heart of the priorities of the Amending Finance Law in Morocco, we learned.

Firstly, the Moroccan government wants to speed up the implementation of the reform of the education, training and scientific research system, improve the employability of young people, improve and generalize health services and guarantee citizens' access to quality health services, as well as support access to decent housing for vulnerable households and the middle class.

The second area of focus is the reduction of social disparities and the establishment of social protection mechanisms. These measures reflect awareness by the government of the country’s fragility despite its economic success, which is often taken as a reference in Africa.

Morocco also intends to improve investment and strengthen support for entrepreneurship to increase growth and job creation, in particular, through support for public investment and the promotion of domestic and foreign private investment. It also plans to pursue major reforms.

As part of these new plans, the country says it will borrow up to MAD60 billion (about $6 billion) on the international capital markets. This is an increase of almost 100% compared to the initial forecasts of the 2020 Finance Law. This adjustment certainly includes the facility of nearly $3 billion obtained from the IMF at the beginning of the spread of covid-19 in the country. With imports likely to fall, the need for foreign exchange will still be felt.

Idriss Linge

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Net profit jumps 117% to $183 million, driven by subsidiaries Lower credit risk and controlled costs boost earnings Bank strengthens balance...
Guinea raises mandatory repatriation of mining export revenues to 60–70%, from 50% Government introduces stricter financial controls to boost foreign...
Inflation slowed to 9.7% in February 2026, maintaining single-digit levels since December 2025 The central bank maintained its tight monetary policy...
Kenyan banks lent 326.5 billion shillings to MSMEs in 2025 Lending exceeded 150 billion target, driven by industry initiatives Rising...
Most Read
01

Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...

Drugmakers ramp up competition in South Africa’s obesity treatment market
02

WAEMU posts 3.31 trillion CFA francs trade surplus in Q4 Exports surge 50.4%, led by gold, ...

WAEMU Trade Surplus Widens to $5.8 Billion in Q4 2025 on Strong Export Gains
03

The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...

West Africa Targets Diaspora Funds With New Banking Access Rules
04

Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...

Ethio Telecom Turns to Green Power to Secure Network Expansion
05

First investor town hall since 2021 signals renewed engagement with markets Authorities hi...

Ghana restarts investor engagement as macro recovery firms after default
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.