The expenses of the Fund amount to 6.2 billion dirhams, of which 2 billion were allocated to the Ministry of Health for purchasing medical equipment and devices necessary to face the pandemic, thus allowing, up to date, the acquisition of 460 intensive care beds, 580 standard hospital beds and 410 respiratory devices, explained the minister during the oral questions session at the House of Representatives on the financial and economic measures taken to deal with the Covid19 crisis.

"We will ensure support for the Ministry of Health with the financial means necessary for its needs according to the evolution of the epidemiological situation in our country", he underlined, noting that this fund will also provide the necessary support to national economy in order to absorb the negative shocks caused by the pandemic, in relation to the reduction or interruption of activity in some sectors and the loss of jobs.

Benchaaboun noted that measures have been examined by the Economic Monitoring Committee created by the government, based on a proactive monitoring system.

For employees in the formal sector, the Minister recalled the granting of a net monthly allowance of 2,000 MAD, for the period from March 15 to June 30, 2020, in addition to family allowances and AMO benefits, for the benefit of employees registered in the CNSS, on temporary work stoppage, belonging to companies affiliated to the CNSS, which are in difficulty because of the pandemic. Those salaried employees will also be able to benefit from the postponement of the repayment of the maturities of bank credits, namely consumption credits and housing credits, until June 30, 2020.

In accordance with the figures obtained following declarations formalized on the CNSS portal to benefit from the compensation granted to its impacted members, 132,000 companies out of the 216,000 affiliated to the CNSS revealed that they had been affected by the pandemic and declared that more than 800,000 salaried employees and employees are temporarily on work stoppage. Thus, the Covid-19 fund will mobilize nearly two billion dirhams monthly for this purpose, he said.

In order to provide the financial means necessary to face the coronavirus pandemic, at the health level, and reduce its effects on national enterprises and on the purchasing power by Moroccan households that underwent work stoppage because of this crisis, HM King Mohammed VI gave his High instructions for the creation of a Special Fund to manage and deal with the pandemic.