Economic Recovery Plan: Six Main Principles of CGEM Intervention

22 mai 2020 Printable Version

Casablanca - The employers' associatioon (CGEM) listed six main principles of intervention as laid down in the document on its global proposal concerning the economic recovery plan:

1. Decisive revival of economy through simultaneous action to maintain offer (avoid bankruptcies) and spur national and international demand.

2. Common mechanisms for the whole economy with differentiation in intensity and duration parameters according to sectors.

3. Intervention on the fabric of actors in two stages with durations to be set according to the sectors:

• Reduction of fixed losses/expenditure over a period corresponding to the drastic fall in demand

• Support for recovery by long-term ﬁnancing with grace periods, depending on maintaining formal employment, making it possible to spread losses over time and share them between the State, the Company and employees.

4. Focusing recovery mechanisms on solvent companies before the crisis.

5. Use of the exceptional economic situation to formalize the economy and extend the social model (especially in terms of health coverage).

6. Support for actors to position the Moroccan economy in the post-Covid-19 world:

• Oﬀer of Morocco for relocation in international value chains and promotion of Made in Morocco.

• Promotion of investment responding to sectoral changes (new promising sectors, new consumption methods, etc.).