ECONOMIC HEADLINES
| MOROCCO | FDI | France, first investor in Morocco with a share of 31% in 2021
According to Office des Changes, the net flow of Foreign Direct Investments stood at MAD 19.4 Bn in 2021. France is the main investor in Morocco with a share of 30.9%. This is followed by the United Arab Emirates, UK, the Netherlands and the United States with respective shares of 20.6%, 14.7%, 8.6% and 3.5%. By business sector, real estate is the main sector in terms of net FDI flows in 2021. The latter is followed by manufacturing indus-tries and financial and insurance activities. These 3 sectors represent 55.6% of the total net flows of FDI in Morocco.
| CEMAC | MONETARY POLICY | BEAC maintains unchanged its main key rates
During its last meeting, the Bank of Central African States (BEAC) has decided to keep unchanged the main instruments of its monetary policy, namely the interest rate for tenders (TIAO) at 4.00%, the rate of the marginal lending facility at 5.75%, the rate of the deposit facility at 0.00% as well as the minimum reserve coefficients at 7.00% on due on demand and 4.50% on term payable.
| CEMAC | GDP | BEAC forecasts a growth rate of 3.5% in 2022
According to the Bank of Central African States, the growth rate of economic activity in the CEMAC zone would stand at 3.5% in 2022 against 1.5% in 2021. In 2023, the institution forecasts a growth rate of 3.3%.
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