Marruecos crea medidas para apoyar a las pymes
The Moroccan government has just adopted a series of measures and mechanisms that will mainly focus on supporting SMEs -small and medium-sized enterprises-. According to Nadia Fettah Alaoui, the Kingdom's Minister of Economy and Finance, these mechanisms will make it easier for companies to obtain more direct financing, should they need it to continue their business.
At the country's Chamber of Councillors, the minister responded to questions from the institution and confirmed the news. According to her, the main objective is, in addition to financial support, job creation. On the other hand, these new measures are related to one of the initiatives taken by the government in recent months, known as the "Daman" (guarantee) offer. This project consists of promoting the strengthening of collaborative financing, as well as offering support to the microcredit sector. It also covers strengthening the contribution of these small loans to financial inclusion and aims to support mainly income-generating activities that can bring major benefits to the nation's economy.
These new measures are also intended to support and encourage the competitiveness of companies in creating and preserving jobs, which, according to the studies of the Moroccan directive, will allow companies to diversify their own production capacities in the national economy, as well as to improve the durability of their products. The creation of an eagerness in business is fundamental, and thanks to economic support, they will be able to produce more and at a faster pace.
During the meeting, Fettah Alaoui pointed out that the state has intervened in favour of SMEs on numerous occasions and has always allowed them to improve their structures. The minister stressed that the government has provided them with more than 271,000 credits, which means a subsidy of 45.6 billion dirhams. She also stressed that small and medium-sized enterprises are the structures that are most exposed to any shocks in the economy during crises. The minister says that during economic downturns, SMEs are the first businesses to be affected and have no support to try to stabilise their work structure. Large companies, in comparison, do not have the same disadvantages that hinder SMEs when it comes to implementing their projects.
SMEs have difficulties in accessing bank financing because their businesses tend to be much more specific, as are the products they produce. Moreover, the nature of their structure and the conditions under which employees work are strong indicators of difficulty in borrowing, suggests Fettah Alaoui.
Added to this news is the signing of a new data exchange agreement for the promotion of small and medium-sized enterprises, which has been signed between the Ministry of Industry, Trade, Green and Digital Economy and OMTPME - the Moroccan Observatory of Very Small, Small and Medium-sized Enterprises. These new agreements aim to strengthen the framework of cooperation and sustainable partnership for SMEs in the Alawi kingdom.
The exchange of this data will enable the Moroccan Observatory to consolidate its role as a centraliser of data and information on SMEs, with the aim of making these statistics available to the public and private sectors. It is also intended to create a framework of cooperation for training and expertise between these two institutions, which will lead to positive effects in improving the area of statistical studies and decision-making system, in order to support SMEs in improving their situation in the national economy.
Also, the two organisations will work together to carry out events and events, both nationally and internationally, that are strongly related to the SME environment and that support the SME sector and provide clear visibility in the country and beyond.