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Morocco plans +$1bln counter covid-19 investment

Monday, 16 March 2020 14:14
Morocco plans +$1bln counter covid-19 investment

(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

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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