Morocco’s Foreign Investment Plummets 21.5% Amid Global Economic Downturn

4 September 2020 – byGinette · 1 min read

The flow of foreign direct investment (FDI) in Morocco recorded at the end of July 2020 has declined by 21.5% compared to last year. According to the Foreign Exchange Office, it amounts to 9.02 billion dirhams and is explained by a 26.4% drop in FDI receipts.

The bulletin on foreign trade indicators at the end of July, published by the Office of Foreign Exchange, also shows that during the same period, the net flow of Moroccan direct investment abroad (ODIE) fell by 2.92 billion dirhams.

ODIE reached 4.92 billion dirhams at the end of July, compared to nearly 6.69 billion dirhams in 2019. Funds sent by Moroccans Residing Abroad also recorded a 3.2% decline. As for travel receipts, they decreased by 44.1% to nearly 23.18 billion dirhams at the end of July 2020, while expenses fell by 48.4% to 6.08 billion dirhams.

Category: Economy

Keywords:

Exchange Office Deficit