Recovery: Guaranteed Loans Reached 50 bln MAD (Official)

Recovery: Guaranteed Loans Reached 50 bln MAD (Official)
Friday 4 December 2020 - 22:53

Guaranteed loans, mobilized as part of the implementation of the national economy recovery plan, have reached, as of today, nearly 50 billion dirhams, said, Friday in Rabat, Minister of Economy, Finance and Administration Reform Mohamed Benchaâboun.

These loans have benefited 80,000 beneficiaries, mainly very small, small and medium-sized enterprises, specified Benchaâboun in response to the questions of parliamentary groups and grouping during the general discussion at the house of advisors of the appropriation bill for the year 2021.

The bill that will endow the Mohammed VI Fund for investment with legal personality has been elaborated and will soon be presented to the House of Advisors, the minister noted. He also stressed that the discussion of this draft 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.

Benchaâboun also indicated that the government is working to launch a structural and historical reform of public establishments and enterprises via the transformation of public establishments of a commercial nature into limited companies and the dissolution of bodies not fulfilling their missions, in addition to the creation of homogeneous sectoral groups/poles.

“This project will allow us to increase the efficiency of the public sector and to rationalize the expenses associated with it”, he said, adding that the government is also ensuring the simplification of administrative procedures and their digitization with a view to improving access to public services.

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