Financial flows in 2000 in Morocco were marked by an increase in tourism returns (10.3 percent) and remittances of Moroccan expatriates (11 percent), while foreign private loans and investments dropped by 33 percent, according to Maghreb Arabe Presse (MAP) on Wednesday.
Citing official figures, the agency said that tourism returns were worth 21 billion DH in 2000 (two billion US $) compared to 19.1 billion DH in 1999 (1.81 billion US $) in 1999. Remittances of Moroccan expatriates reached 21.1 billion DH in 2000 (two billion US $) while they stood at 19 billion DH in 1999 (1.8 billion US $).
Meanwhile, foreign investments and private loans dropped by 33 percent from 18.5 billion DH ($1.76b) to 12.36 billion DH ($1.17b), according to the report – Albawaba.com
