Rabat - France was the leading investor in Morocco for 2023, with a net flow of 6.8 billion dirhams (MAD), compared with MAD 3.8 billion in 2022, an increase of 79.5%, according to the Foreign Exchange Office.This flow reflects a 61.4% share of the total net flow of foreign direct investment (FDI), says the Office in its 2023 annual report on Morocco's balance of payments and international investment position.Net FDI inflows from the United Arab Emirates amounted to MAD +2.3 billion in 2023, compared with MAD +2.2 billion in 2022, followed by the United Kingdom (MAD +1.8 billion compared with MAD +2.6 billion), Spain and Germany (MAD +1.5 billion each).The net flow of FDI into Morocco reached MAD 11.1 billion in 2023, compared with MAD 23 billion in 2022, a drop of 51.7% due to the combined effect of the rise in expenditure to MAD 23.5 billion in 2023 (+35.8%) and the fall in revenue to MAD 34.6 billion in 2023 (-14.1%).Source: Agence Marocaine De Presse
Related Articles
Bank of Ghana Governor amplifies Africa’s fiscal policy support from IMF, World Bank
Dr Ernest Addison, the Governor of the Bank of Ghana (BoG), has called for increased support for reforms by the International Monetary Fund (IMF) and the World Bank Group (WBG) to meet Africa’s need for resilient fiscal policies.
That should go hand-…
Moroccan PM Discusses Tourism Development with Accor CEO amid World Cup Preparations
Rabat – Moroccan Head of Government Aziz Akhannouch held a pivotal meeting on Thursday in Rabat with Sébastien Bazin, the Chairman and CEO of the French hotel group Accor.
The discussions focused on strategies to advance Morocco’s tourism sector, par…
Uphold national obligation of paying taxes – Chief Imam to Muslims
Sheikh Osmanu Nuhu Sharubutu, the National Chief Imam, has advised the Muslim faithful to uphold the country’s civic responsibility of paying their taxes to ensure sustainable development.
He said the state of the country’s indebtedness was a nation…