By Staff Writer, Thomson Reuters Projects News
Morocco is planning to create a public investment fund with the aim of stimulating the domestic economy after the end of the COVID-19 pandemic, a newspaper in the North African Arab country reported on Monday.
The new fund will complement an existing fund created by King Mohammed with a capital of about 33 billion Moroccan dirhams ($3.4 billion) to offset the negative effects of coronavirus on the country’s economy, Hespress Arabic language daily said.
It did not mention the proposed capital of the new fund but said it is intended to support plans to re-invigorate the economy in 2021 and bring it back to the pre-COVID-19 level.
(Writing by Nadim Kawach; Editing by Anoop Menon)
(anoop.menon@refinitiv.com)
#Morocco #Coronavirus #Economy
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