The Exchange Office of the Ministry of Economy and Finance in Morocco reported that net foreign investment inflows rose by 10.4% year-on-year in March, to reach 4.54 billion dirhams ($452 million).
The office, which issued its monthly indicators of foreign exchange in March, stated that foreign direct investment revenues increased by 1.7% to reach 7.22 billion dirhams ($719 million), while expenditures decreased by 10.3%.
For its part, Moroccan direct investments abroad stabilized, at the end of the first quarter of 2023, to record 5.106 billion dirhams ($509 million), compared to 5.068 billion dirhams ($505 million) during the same period in 2022, according to what was reported by the Moroccan News Agency.
Transfers of these investments amounted to 3.44 billion dirhams ($343 million), recording almost stability compared to the same period last year, which led to a slight increase in net Moroccan direct investment flows abroad by 1.4%.
