Morocco stimulates the economy through the issuance of an in

Morocco stimulates the economy through the issuance of an investment fund

The Moroccan government has authorised the launch of a sovereign wealth fund, with a budget of 4.1 billion euros, in order to stimulate public investment in the face of the crisis that is dragging down the economy of the Maghreb state, according to a government official. During the Council of Ministers chaired by King Mohammed VI, it was decided to proceed with the "operationalisation" of this economic recovery plan, created in 2020, according to a press release from the Royal Palace spokesman, Abdelhak Lamrini. Despite the delicate state of the Kingdom's economy, the Moroccan government foresees a 4% growth and a more controlled inflation of 2% in the 2023 Finance Bill (PLF) approved on Tuesday.

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