Fund Transfers by Moroccan Expatriates: Context, Evolution and Prospects for Capacity-building

Abstract

The study is part of a project directed by the ECA Sub regional Office for North Africa, in cooperation with the Economic and Social Commission for Western Asia (ESCWA). It is aimed at analyzing, using the comparative approach, the dynamic of fund transfers from the foreign nationals of three countries in the North Africa sub region. The Morocco case study is therefore aimed at identifying the dynamics and determinants of the remittances of Moroccans living abroad, and particularly those intended for investment for a possible inter-Maghreb comparison, that may help draw lessons and identify the best practices for the region. The main purpose of the study (according to the terms of reference) is to analyse the general context and dynamics of Moroccan emigration, as well as the determinants for fund transfers, particularly those intended for investment. This report has three central themes. The first concerns the general situation of Moroccans living abroad and the main socio demographic characteristics. The second deals with the main features of Moroccan expatriate fund transfers. It presents a few analytical elements for understanding the strengths and weaknesses of transfers, as well as the opportunities and risks. The third covers policy recommendations, for the purposes of lifting the constraints weighing on fund transfers and boosting the contribution of these transfers to Morocco’s development.