Morocco will continue providing direct and exceptional financial support to professionals in the goods and passenger transport sectors to shield the domestic economy from the fallout of geopolitical tensions in the Middle East, the prime minister’s office said.
The decision was taken following a ministerial meeting tasked with monitoring the impact of regional instability on Morocco’s economy, according to an official statement.
The measures aim to ensure the smooth and uninterrupted supply of domestic markets and to maintain public transport services at current prices, without any fare increases for consumers, the statement said.
The government will also continue subsidizing butane gas and electricity used for household consumption, in order to keep current tariffs unchanged, the statement added.
Authorities said they would step up oversight of agricultural supply chains in the domestic market to ensure food products reach consumers at “reasonable prices,” amid concerns over price volatility linked to international developments.
At the start of the meeting, several ministerial departments presented assessments of the impact of current global conditions on different sectors of economic activity, the statement said.
Officials also reviewed Morocco’s foreign exchange reserves, which the government said currently cover around six months of imports.
