Infosurhoy
Marta Subat
Xinhua
The flows of foreign direct investment (FDI) in Morocco declined by 18.6 percent in the first eight months of 2018, the foreign exchange regulator said Saturday.
Morocco attracted only 1.46 billion U.S. dollars between January and August, down from 1.8 billion dollars a year earlier.
Compared with a month earlier, the shrinking tendency was reduced.
By the end of July, the FDI flows in Morocco declined by 25.6 percent year on year to stand at only 1.26 billion dollars.
During the same period, Morocco’s tourism revenues hiked by 1.2 pct to 4.8 billion dollars year on year, while remittances from some 5 million Moroccan expatriates rose 1 percent to 4.5 billion dollars.
Tourism revenues and expatriates’ remittances are the main sources of Morocco’s foreign currency reserves.
