“Zainab installments” … How did you save the economy of the Maghreb despite Corona?

0
50


Zainab, of Moroccan origins, who lives in Lyon, lost her job as a cleaner due to the Corona pandemic, while she is currently living on social assistance from the government, but she is still required to pay home payments in her country and help her family, which depends on her completely to manage her financial affairs.

Zainab receives a subsidy from the French government amounting to one thousand euros, while it pays 150 euros a month in installments for a small apartment in the city of Meknes in central Morocco, while 100 euros are transferred to her family to help them with living expenses.

The working lady has to manage her affairs with the rest of the amount, very carefully, so that she continues to pay her installments and fulfill her obligations.

Zainab told Sky News Arabia, “I could not lose my apartment due to the negligence of payment. This.” Virus It affected our lives greatly, and it is my duty to help those who are in more distress than I. “

The remittances of the members of the Maghreb community residing abroad are an important source of support for the balance of their countries of origin in hard currency, which guarantees the import of a number of essential goods from abroad, and is a great supporter for millions of families in the Maghreb.

Although the World Bank’s forecast for 2020, issued in a report six months ago entitled “Covid 19 through the lens of migration”, predicted an almost 20 percent decrease in remittances from expatriates in the Maghreb and the Middle East, remittances have achieved The financial statements of the Moroccan community residing abroad, for example, increased by 2.2 percent at the end of last September, to reach about 50.5 billion dirhams.

ويد Morocco, West, sunset The second country in the region in terms of receiving remittances from its expatriate community, after Egypt.

family comes first

Amine Sartani, who works as a computer engineer in the French city of Lyon, says: “The Corona crisis affected several members of my family in Morocco, so I am currently sending an amount of money to my father as I used to, and I also transfer another sum to my uncle and aunt, because they lost their work during the quarantine. You can not provide assistance to your close relatives in light of this pandemic. “

As for Basem Soufiani, a Tunisian engineer residing in Grunup, he transferred some of his financial savings to spend the summer vacation to his account in Tunisia.

Sufyani told Sky News Arabia: “I always spent an important part of my summer vacation at the family home in the city of Djerba, but this year was an exception. I was afraid to travel in order to avoid closing the borders again and getting into trouble. So I preferred to transfer my savings to my account in my home country. And I put it at my father’s advice in case he needed it. ”

tough time

In his interview with “Sky News Arabia”, professor and sociologist, Ali Chaabani, considers that the financial transfers of the Moroccan community in particular and the Arab community in general are normal and self-evident.

He added, “Despite all the crises that the world has gone through, community transfers remain constant and immigrants continue to support their families in whatever country they are in. They have not missed a date on any national or family occasion. They have proven this through national solidarity campaigns, and they have always been imbued with the family values ​​on which they were raised. In their home country and in the bosom of their families. “

Al-Shaabani says that this interdependence and this moral and humanitarian duty were evident during a crisis Corona, Since many families depended on their monthly income on the remittances of their children from foreign countries.

On the other hand, he explained that these financial transfers serve the country as well, because Morocco is betting on it in its budget as it is a stable source of hard currency.

The recorded figures indicate that the Moroccan community achieved during the period from January to September of the current year the highest number in remittances to their families in Morocco compared to the past four years, after all expectations indicated that they would experience a significant decrease as a result of the outbreak of the Corona epidemic in the countries of residence. .

Constant transfers

Commenting on these figures, the international and African economist, Samir Bouzidi, says to “Sky News Arabia”: “Central bank data in Tunisia, Morocco, andAlgeria It affirms great resistance to the repercussions of the epidemic, as remittance numbers in Tunisia indicate that they exceeded tourism revenues, and Moroccans’ remittances have begun to demonstrate their steadfastness, although Bank Al-Maghrib expects a 5 percent decrease for the current year. In Algeria, indicators are moving towards The decline, but at less dramatic rates than the World Bank’s projections. “

Bouzidi explains this unexpected increase, as many immigrants owe bank loans, and thus a quarter of the transferred sums go towards paying real estate debts.

On the other hand, hundreds of thousands of immigrants had no possibility or were unwilling to take the risk of going on vacation this summer to their home country because of Covid-19Then they sent money to their families or to their bank account, after they used to spend their money in cash while on vacation. “

In terms of numbers, Bouzidi points out that, according to the Tunisian Ministry of Tourism, “the number of tourists decreased during the month of August by 57 percent, compared to the same period in 2019 … while remittances increased at the same time by 100 million euros, or 166 euros per tourist. Lost!”







LEAVE A REPLY

Please enter your comment!
Please enter your name here