Morocco’s Economy Hit Hard: FDI Drops 15.9% Amid Coronavirus Crisis

According to the latest bulletin from the Office of Foreign Exchange tracing the data as of the end of May 2020, the net FDI flow reached 7,234 million dirhams against 8,598 million dirhams a year earlier, a decrease of 1,364 million dirhams or -15.9%.

According to the Office of Foreign Exchange, this result is explained by a 26.9% or -3,898 MDH drop in FDI receipts combined with a 43% (-2,534 MDH) drop in expenditures.

As for Moroccan direct investments abroad, they stood at 3,586 million dirhams at the end of May 2020 against 4,454 million dirhams at the end of May 2019, i.e. -19.5%. As for the divestments of these investments, they more than doubled (1,021 MDH).

Not surprisingly, remittances from Moroccans Residing Abroad recorded a record drop of 12.4% to 22,678 million dirhams at the end of May 2020 against 25,895 MDH at the end of May 2019.