In a telephone conversation, King Mohammed VI and President Xi Jinping discussed China’s Covid-19 vaccine. President Xi Jinping said that China stands ready to promote cooperation with Morocco on Covid-19 vaccine development and production.
Drawing lessons from the Covid-19 pandemic, King Mohammed VI presented a roadmap on Wednesday to face the effects of the health crisis which has also become an economic and social one. 120 billion dirhams will be injected into the national economy and the Sovereign announced the creation of a «Strategic Investment Fund», a «Strategic National Agency» and the generalization of social coverage for the benefit of all Moroccans within a period of five years.
According to a recent report by the World Bank, Covid-19 is pushing Morocco’s economy into a severe recession, the first one since 1995.