By Brinkwire
The flow of Foreign Direct Investments (FDI) in Morocco fell by 16.7 percent by the end of May 2019, local media reported on Friday.
The FDI flow amounted to 850 million U.S. dollars in the first five months of 2019, down from 1.025 billion U.S. dollars in the same period last year, said Office des Changes, the country’s foreign exchange regulator.
Remittances of Moroccan expatriates declined by 3.4 percent to 2.72 billion dollars by the end of May, it said.
The trade deficit widened by 2.5 percent by the end of May 2019 to reach 8.7 billion dollars in the first five months of 2019.
The coverage rate of imports by exports rose from 59.4 percent in May 2018 to 59.6 percent in May 2019, it added.
Imports amounted to 22.04 billion dollars, while exports grew by 3.4 percent to 13.34 billion dollars, according to the same source.
