Support measures launched by Morocco in favor of vulnerable populations, especially the youth, in the context of the Covid-19 pandemic, were highlighted on Thursday at the MENA-OECD Ministerial Conference, held in virtual format.
Speaking at the second session of the conference, Minister of Culture, Youth and Sports Othman El Ferdaous highlighted the various initiatives put in place, under the high directives of HM King Mohammed VI, to help populations weakened by the pandemic in the prospect of a post-pandemic recovery.
During this session held under the theme “People-centred policies for more resilient and inclusive societies,” the official presented the five key points of the Moroccan strategy, including solidarity through the launch by the Sovereign of a 5-billion-euro annual plan to extend social protection to all Moroccans, which accounts for 5 points of GDP per year.
On youth unemployment during the crisis, El Ferdaous noted that companies providing first jobs to young people under 25 will benefit from a full three-year tax exemption, which is a first in the Kingdom.
He also mentioned the “Intelaka” program for entrepreneurship which aims to boost bank financing for self-entrepreneurs, very small and small exporting companies. This program provides for mobilizing 750 million euros over three years, the minister explained.
The MENA-OECD Ministerial Conference, held under the theme “Designing a Roadmap for Recovery in the MENA Region,” focuses on examining policies that promote inclusive growth and resilience, recovery programs, and multilateral support for national policies.
It was opened by OECD Secretary-General Angel Gurria and Italian Foreign Minister Luigi Di Maio, whose country co-chairs the MENA-OECD Initiative on Governance and Competitiveness, with the European Union and Tunisia.
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