Remittances to Morocco Drop 2.3% Amid Global Pandemic

In its bulletin on foreign trade indicators at the end of August, the Foreign Exchange Office noted that travel receipts fell by 55.3%, or 23.55 billion DH compared to the end of August 2020 against a 51% decline to 6.93 billion for expenses. Not surprisingly, the travel balance surplus fell by 56.8%.

As for the net flow of Foreign Direct Investment (FDI) in Morocco, it reached nearly 9.61 billion dirhams (MMDH) at the end of August 2020, down 28.4%. According to the Foreign Exchange Office, this slowdown is justified by a 29.3% drop in FDI receipts to nearly 16.17 billion DH, weakened by the 30.5% decline in expenditure.

As for the net flow of Moroccan direct investment abroad (IDME), it fell by 3.07 billion DH in the first eight months of 2020.

As for IDME, they stood at 5.26 billion DH at the end of August, compared to nearly 7.03 billion DH in 2020, i.e. -25.2%, while the disposals of these investments more than doubled (+1.305 MMDH).