Stimulus: Guaranteed credits reach 50 MMDH (Benchaâboun)

The guaranteed credits, mobilized within the framework of the implementation of the national economic recovery plan, have reached, as of today, nearly 50 billion dirhams (MMDH), said, Friday in Rabat, the Minister of Economy, Finance and Administrative Reform, Mohamed Benchaâboun.

These credits have benefited 80,000 beneficiaries, mostly very small, small and medium enterprises (TPME), said Mr. Benchaâboun in response to interventions by groups and parliamentary groups during the general discussion in the House of Councillors, the draft finance bill (PLF) for the year 2021. At the same time, he said, the bill to endow the Mohammed VI Investment Fund with legal personality, has been drafted and will be presented shortly before the House of Councillors. He stressed that the discussion of this bill will be an opportunity to shed light on the objectives, mechanisms and areas of intervention of this Fund, as well as the governance of its management.

Mr. Benchaâboun also indicated that the government is working to launch a structural and historical reform of public establishments and enterprises (EEP) through the transformation of public establishments of a commercial nature into public limited companies and the liquidation/dissolution whose mission is no longer proven, in addition to the creation of homogenous sectoral groups/poles.

“This project will allow us to increase the efficiency of the public sector and rationalise the associated expenses”, he said, adding that the government is also working to simplify administrative procedures and digitalise them in order to improve access to public services.

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