Tangier, Sep. 18 - Migrants remittances cover 23,7% of import expenses and help reduce poverty, according to experts meeting, here Sunday, to discuss "Migration and development.""Money transfers, which constitute the prime source for hard currency, cover up to 23,7% of import expenses and represent 38% of fixed term and demand deposits in Moroccan Banks," they said, hailing the positive impact of remittances on national economy.Last year, remittances stood at 8,9% of GDP and covered up to 22,5% of import expenses.Concerning the social impact, remittances are security nets that help reduce, between 19 and 23%, poverty at least 1,2 million people, according to these experts.Migrants Money transfers witnessed a tremendous development, reaching over USD 4,6Bn in 2005 compared to only 37Mn in 1990. _________________ People should not be afraid of their governments, Governments should be afraid of their people//en.yabiladi.com/topics/migrants--remittances-help-reduce-poverty-44-1366107-1366107.html#msg-1366107 Fri, 05 Jun 2026 13:26:09 +0200 Phorum 5.2.15