Morocco’s Foreign Investment Plummets 31% as Remittances from Abroad Surge

The decline in FDI revenues of 28% to 20.43 BILLION DH, mitigated by the 23.2% drop in expenditure, is the main cause of this result, the Office said. Regarding the net flow of Moroccan direct investments abroad (MDIA), it fell by more than 4.58 BILLION DH, thus reaching around 6.28 BILLION DH at the end of October with a decrease of 33.5%. However, the divestments of these investments more than doubled, i.e. +1.42 BILLION DH. Remittances made by Moroccans Residing Abroad, on the other hand, saw an increase of 1.7% to 55.83 BILLION DH.

Still in the bulletin on foreign trade indicators for October 2020, from the Foreign Exchange Office, travel receipts reached 26.64 BILLION DH at the end of October and expenditure fell by 50.4% to 8.79 BILLION DH. Furthermore, the travel balance surplus recorded a 63.8% decrease, the same source stressed.