Search

 

Cablegate: Iom Conference Highlights Importance Of

VZCZCXYZ0013
RR RUEHWEB

DE RUEHRB #0876 3011852
ZNR UUUUU ZZH
R 281852Z OCT 09
FM AMEMBASSY RABAT
TO RUEHC/SECSTATE WASHDC 0779
INFO RUCNMGH/MAGHREB COLLECTIVE
RUEHCL/AMCONSUL CASABLANCA 4746
RUEHGV/USMISSION GENEVA 1171

UNCLAS RABAT 000876

SIPDIS

STATE FOR EEB/IFD/ODF, PRM, NEA/MAG AND NEA/RA

E.O. 12958: N/A
TAGS: EFIN SMIG PREF MO
SUBJECT: IOM CONFERENCE HIGHLIGHTS IMPORTANCE OF
REMITTANCES TO MOROCCO'S BALANCE OF PAYMENTS

REF: RABAT 0782

1. The Government of Morocco (GOM) and the
International Organization for Migration (IOM)
organized a conference on the Impact of the World
Economic Crisis on Migration, October 12 and 13, in
Rabat. Minister-delegate for Moroccans Living
Abroad Mohammed Ameur, IOM Director General William
Swing and Moroccan central bank governor Abdellatif
Jouahri set the stage with statistics, noting that
the world's 220 million migrants would constitute
one of the world's ten wealthiest and most populous
countries with if they all lived together.

2. Governor Jouahri emphasized that remittances
from Moroccans living abroad accounted for eight
percent of GDP and 27 percent of domestic bank
deposits. Morocco is thus the 15th most important
destination for remittances in the world and the
second largest in the Middle East and North Africa -
- after Egypt. (NOTE: Revenue from tourism is just
slightly greater than remittances as a source of
foreign income. END NOTE.)

3. While remittances rose pretty steadily in
Morocco and worldwide from 2002 through 2007, the
World Bank estimated that they will decline between
7.3 and 10 percent in 2009 before likely rising 3
percent in 2010. Sixty-seven percent of remittances
to Morocco flow from Europe. Interestingly, while
anecdotes suggest that the crisis has
disproportionately affected Moroccans residing in
Europe, over 2 million Moroccans residing in Europe
crossed the Strait of Gibraltar to visit their
native country this summer, and the number was
higher than in 2008.

KAPLAN

© Scoop Media

 
 
 
World Headlines

 


Palestinian Ministry of Health: Developments In The Health Situation During The Israeli Aggression On The Cities & Governorates Of The Gaza Strip
For the second day in a row, the Israeli aggression against the Gaza Strip continues by targeting overcrowded residential areas and neighborhoods, as the death toll rose to 13 citizens, including a 5-year-old girl and a 23-year-old woman... More>>


UN: Horn Of Africa Faces Most ‘Catastrophic’ Food Insecurity In Decades, Warns WHO

The World Health Organization (WHO) warned on Tuesday that the Greater Horn of Africa is experiencing one of the worst famines of the last 70 years... More>>

FAO: Warns 90 Per Cent Of Earth’s Topsoil At Risk By 2050
A full 90 per cent of the Earth’s precious topsoil is likely to be at risk by 2050, according to the UN Food and Agriculture Organization, FAO...
More>>


Somalia: ‘We Cannot Wait For Famine To Be Declared; We Must Act Now’
Rising acute food insecurity in Somalia has caused more than 900,000 people to flee their homes in search of humanitarian assistance since January last year, the Food and Agriculture Organization (FAO) has warned... More>>

UN: American West Faces Water And Power Shortages Due To Climate Crisis
Two of the largest reservoirs in the United States are at dangerously low levels due to the climate crisis and overconsumption of water, which could affect water and electricity supply for millions in six western states and Mexico, the UN Environment Programme (UNEP) warned on Tuesday... More>>



Singapore: UN Experts Call For Immediate Moratorium On Executions For Drug Offences

UN experts* today condemned the execution of Nazeri Bin Lajim, a 64-year-old Malay Singaporean national convicted of drug offenses and urged the Government of Singapore to halt plans to execute individuals on death row for drug related charges... More>>