(Ecofin Agency) - The government of Morocco will invest $1.07 billion to fight the current covid-19 pandemic. The money will be disbursed via a fund, the creation of which was ordered last week by King Mohammed VI (pictured).

This new strategy aims at mitigating economic shocks, that come with the coronavirus crisis, in the country. The fund will assist the health sector, mainly by meeting urgent infrastructure needs.

Let’s note the virus is spreading at a worrying pace around the world. As of March 15, Morocco reported 28 cases and one death. Although this number is well below the average in Europe and Asia, the country has already suspended air routes with 29 countries and shut down sea passenger traffic.

Moutiou Adjibi Nourou