When she first immigrated to Germany, Hakima Ouamira, who now lives in Darmstadt, worked as a baby-sitter and eventually made her childhood dreams come true. Today, she is a bus driver, a painter and drawing teacher.
After downgrading Morocco’s sovereign rating, Fitch measures in a new report the impact of the pandemic on the country’s key credit metrics. According to the agency, the Kingdom is witnessing a sharp GDP fall and weaker external finances.
According to the Foreign Exchange Office, remittances sent by Moroccans living abroad rose by 2.2% from January to the end of September 2020, thus resuming the upward trend after having suffered a sharp decline during the period of sanitary confinement. However, according to the World Bank’s projections, remittances to the Kingdom are expected to drop by 5% during the current year.
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