VOICED: Moroccan remittances dwindle with downturn

The video discusses the annual return of two million expat Moroccans to their homeland, highlighting their significant economic contributions, which amounted to $6 billion last year. However, due to an economic slowdown, money transfers have decreased by 15%. In response, the Moroccan government has lifted fees on money transfers and introduced grants for potential investors. Despite uncertainties, the enthusiasm of Moroccan expats remains strong, as they continue to support their homeland economically and emotionally.

What is one of the main reasons Moroccan expats return home annually?

• To find new job opportunities

• To attend cultural festivals

• To escape the cold weather

• To visit loved ones and contribute to the economy

How much did Moroccan expats contribute to the economy last year?

• $4 billion

• $7 billion

• $5 billion

• $6 billion

What has been the impact of the economic crisis on money transfers to Morocco?

• No change

• An increase of 5%

• A decrease of 15%

• An increase of 10%

What measure has been taken to encourage money transfers into Morocco?

• Offering tax rebates

• Increasing transfer fees

• Lifting fees on money transfers

• Providing free travel tickets

What is the state's contribution if an individual invests 25% upfront in foreign currency?

• 5% of the overall costs

• 10% of the overall costs

• 15% of the overall costs

• 20% of the overall costs