2023-08-11 16:00:00
Over the years, the manna of the MRE is consolidated. Money transfers increased from 6.3 billion dirhams at the end of January 2022 to more than 9.22 billion at the same period in 2023, i.e. a sharp increase of 46.3%. Part of this windfall is intended to help families, a firmly rooted tradition that has been strengthened during the Covid-19 pandemic, says Karim Amor, president of the group of Moroccan entrepreneurs of the World (MeM) by CGEM (General Confederation of Moroccan Companies) with Inspirations Éco. About 75% of these transfers allow relatives to live in the country.
To read:Morocco: a record semester for tourism and transfers of Moroccans living abroad
In the eyes of MREs, who number 5.4 million in 2020, for a total population living in Morocco of around 36.7 million, their country of origin is a flourishing land of opportunities. Thus, they invest 8% of these funds in real estate and direct 2% of these funds directly towards productive investments whose impact is not negligible. Similarly, they place 15% of these flows in savings accounts. These investments might increase in the next few months. “The realism of the national economic situation, encouraged by the king’s leadership, encourages Moroccans around the world to invest more in their homeland to seize these opportunities,” the newspaper notes.
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