Xinhuanet
Xinhua
The flows of foreign direct investment (FDI) in Morocco declined by 3.2 percent in the first nine months of 2018, the foreign exchange regulator said Saturday.
Morocco attracted only 1.89 billion U.S. dollars between January and September, down from 1.95 billion dollars a year earlier.
Compared with the past few months, the shrinking tendency was reduced.
By the end of August, the FDI flows in Morocco declined by 8.6 percent.
In the first nine months, remittances from some 5 million Moroccan expatriates decreased slightly by 0.2 percent to 4.9 billion dollars, while Morocco’s tourism revenues declined by 3.8 pct to 4.02 billion dollars year on year.
Tourism revenues and expatriates’ remittances are the main sources of Morocco’s foreign currency reserves.
