Remittances to Morocco Plummet 5.7% as Foreign Investment Drops 47%

In its note on foreign trade indicators for the first three months of the year, it shows a sharp 5.7% drop compared to last year’s figures. The MREs transferred 15.098 billion dirhams, compared to 16.003 billion dirhams a year earlier.

During the same period, foreign direct investment (FDI) flows to Morocco stood at 3.138 billion dirhams, compared to 5.946 billion dirhams, a decrease of 47.2%. For the Office of Exchange, this result is explained by the 21.5% decrease in FDI earnings to 7.09 billion dirhams, combined with the 28.1% increase in expenses (866 million dirhams).

The Office of Exchange reports a 56.7% increase to 2.739 billion dirhams in the flow of Moroccan Direct Investments Abroad (IDME) between January and March, explained by a 48.5% increase in foreign investment expenditures to 3.351 billion dirhams, and a 20.5% increase in receipts.