Economic development and social dialogue

The Moroccan government decided to release 400 million dirhams to build the expressway linking Tiznit to Laâyoune in 2021. With a total cost of 1.2 billion dirhams, this project will be co-financed by other partners according to the newspaper Les Inspirations Eco.

According to the same source, 659 million dirhams will be dedicated to road projects through the implementation of some twenty conventions. Projects under the rural inequality reduction programme will be financed to the tune of 1.2 billion dirhams, an envelope provided by the special roads fund to the rural development fund. These projects also include the connection of the port of Nador to the motorway network, which will cost approximately 4.5 billion dirhams.

Morocco is facing one of its worst economic recessions since the 1990s. Recently, the head of the mission of the International Monetary Fund (IMF) in charge of Morocco, announced that the Kingdom’s GDP for the year 2020 will experience a fall ranging from 6 to 7% and predicted a sharp increase in the unemployment rate. These forecasts stem from the effects of the Covid-19 drought on the Moroccan national economy.