Moroccan Tourism Group advises cheap credit combat coronavirus impact

Published on : Wednesday, March 18, 2020

Recently, the National Confederation of Tourism (CNT) has put forward steps that would help businesses in tourism to conquer the financial impact of the novel coronavirus (COVID-19).


The president of the CNT, Abdellatif Kabbaj, stated that for the entire period of the crisis, government can put off or eliminate social charges and give tax reliefs, among other proposals.


Other measures talked at the meeting comprise the postponement of bank maturities by 12 months, the upholding of credit lines, and the opening of borrowing lines over 12 months with a lowered interest rate of 2% over the period.


The measures are in line with the situation of the present world after the outbreak of novel coronavirus as countries jostle to tone down a global recession. The spread of the virus in the country will openly affect the tourism of Morocco, one of the key sectors of the country’s economy.


Tourism across the world is facing the pandemic.


In Morocco about 29 people have been diagnosed with the virus. The country has suspended international flights to limit the spread of the virus.


Before the suspension of flights, thousands of tourists who had arrived in Morocco are now looking for speedy return to their countries. Foreign representations in Morocco are working to help their citizens repatriate.


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