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Encouraging Moroccans Residing Abroad to Invest, A Major Challenge Facing Morocco’s Development

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The Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates, Nasser Bourita, stated on January 16, in his response to an oral question in the House of Councilors, that working to direct financial transfers from Moroccans around the world towards productive activities and long-term investments with a positive social impact, has constituted a major challenge in the process of strengthening links between members of the diaspora and their motherland.

In this regard, the minister noted that the ministerial commission in charge of Moroccans residing abroad is examining possible means to implement the Royal Vision aimed at strengthening the role of members of the diaspora in the development of their country of origin, through the development of a program including various measures.

Bourita explained that this committee also developed an integrated mechanism that will identify Moroccan skills and improve communication with them through a multilingual digital platform, in addition to encouraging exchange and cooperation, by integrating monitoring tools and IT systems that rely on artificial intelligence to extract, analyze and process data related to skills and project leaders.

The Foreign Minister also affirmed that a working group, whose coordination was entrusted to the Minister Delegate in charge of Investment, Convergence, and the Evaluation of Public Policies, the General Confederation of Moroccan Enterprises (CGEM), and the Professional Grouping of Banks in Morocco (GPBM), was created to draft proposals to implement the High Royal Instructions and examine similar initiatives.

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