MREs, saviors of the Moroccan economy?

In 2023, remittances from Moroccans living abroad reached $11.8 billion, an increase of 5.2% compared to the previous year. This figure positions Morocco as the second largest recipient of remittances in the MENA region, behind Egypt.

These financial flows, which constantly exceed foreign direct investment (FDI), constitute a fundamental pillar of the Moroccan economy, representing 8.2% of the country’s GDP. Their importance was particularly significant in 2023, especially after the Al Haouz earthquake, where remittances played a crucial role in supporting disaster-stricken populations, the newspaper recalls. the Economist.