It’s Called M’awna.

Interesting article in the Daily Star about the phenomenon of foreign workers’ remittances in Morocco. A recent study by the IMF finds that money sent or brought to Morocco by its immigrants in Europe and elsewhere is now reaching about 9% of its GDP, with top reasons being “attachment to the homeland” and “altruistic motives.” However, the report warns,

With workers’ remittances largely flowing into construction activity and only a small portion going to the creation of small and medium-sized enterprises, it is clear, Bougha-Hagbe says, that Morocco is not yet taking full advantage of the skills of the younger generations, who are not only highly qualified but also more likely to be entrepreneurs.

Read the article here (and scroll down for the second portion.)

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