Middle East Economic Survey
VOL. XLVII
No 34
23-August-2004
MOROCCO
BUDGETS AND REVENUES
Remittances Increasingly Important To Moroccan Economy, Says IMF Study
Remittances to Morocco from workers living abroad, mainly in France, Spain and Italy, are playing an increasingly important role in the countrys finances, according to a study by Jacques Bougha-Hagbe of the IMFs Middle East and Central Asia department. Annual remittances have reached $3-4bn, equivalent to around 9% of GDP up from an annual...
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