After downgrading Morocco’s sovereign rating, Fitch measures in a new report the impact of the pandemic on the country’s key credit metrics. According to the agency, the Kingdom is witnessing a sharp GDP fall and weaker external finances.
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.