What drives remittances in Morocco?
Money sent home by emigrant workers now worth close to a tenth of GDP
Thursday, July 29, 2004
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Workers' remittances are playing an increasingly vital role in developing countries. The volume of these flows can, for example, significantly affect the liquidity of banking systems, influence monetary and exchange rate policies, and bolster external positions. Jacques Bougha-Hagbe of the IMF's examined the determinants and long-term prospects of remittances to Morocco.
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