Morocco plans $220 million package to help Covid-hit tourism sector
Morocco has kept its borders shut since late November and reinforced its vaccine pass requirements in response to the Omicron coronavirus variant.
The aid package includes 1 billion dirhams to help hotels renovate and stay afloat after a 22-month-long crisis, and a 2,000 dirham monthly payment in the first quarter of this year to affected workers, the ministry said in a statement.
Other measures include loan payment deferrals and a local tax waiver for 2020 and 2021.
Tourism generated $8 billion, or 7% of Morocco's economy, in 2019, when the country received 13 million tourists. But the central bank expects it to have made only $3.6 billion last year.