Diaspora remittances have emerged as a leading source of external funding in Africa, surpassing foreign direct investment (FDI) and official development assistance. According to a recent World Bank report, remittances to Africa reached approximately $100 billion in 2023, accounting for about 6% of the continent’s GDP, with projections indicating an even greater gap in 2024. ...
Remittances from Moroccans living abroad reached around 65.97 billion dirhams ($ 6.46 billion) in the first seven months of 2023, according to the Exchange Office. The figure represents ...