Thursday, September 14, 2006

Reversing Morocco's brain drain.

Aljazeera. net is running an interesting story about ex-pats being lured back to Morocco. A link to the original article is at the end.

Morocco wants to lure back its citizens living abroad to reverse a brain drain and reduce poverty, but many say they have worked hard to carve out a life in Europe and to return would be a leap into the unknown.

The three million Moroccans living abroad represent around 10 per cent of the country's resident population and their money transfers are its biggest foreign currency source after tourism.

An official report early this year said Morocco must create 400,000 jobs annually over the next 10 years to prevent mass unemployment, especially among graduates.

The government is turning to expatriates to help build the businesses that will create those jobs.

But many of those who fled unemployment in Morocco now have good jobs, higher living standards and foreign-educated children.

Even those struggling in the European job market who feel discriminated against because of their origins say a return to Morocco holds risks and uncertain rewards.

"It's already hard enough getting by in France," said Jaouad Ouargo, a 21-year-old auto engineer from Paris, as he queued in the northern port of Tangier for the ferry to Spain. "If I try something new here, it'll be harder."

The government is trying to boost sluggish economic growth by enacting investment-friendly reforms and making the banking sector more robust to cut lending rates.

High-value industrial exports are being nurtured with free trade deals and heavy transport infrastructure investment to reduce the economy's reliance on drought-prone agricultural.

While foreign investment in Morocco is booming, spurred on by large-scale tourism and property developments, expatriates appear loath to sink their money into smaller, job-creating enterprises.

Some $2.58 billion were repatriated in the first half of 2006, 24 per cent more than a year earlier, but most went to support families and build second homes.

Many Moroccans living abroad say they are put off starting a business by complex administrative procedures, the risk of long delays in getting the right documents, and a perception that you need powerful contacts in business and government.

"This reticence is linked to a totally outdated image," said Jelloul Samsseme, head of Morocco's northern regional investment centre, saying anyone wanting to start up a business could have all the documents they need from one location within 48 hours.

The complete article is here on Aljazeera

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1 comment:

Latifa K said...

Thanks a lot for posting this, it will help me tremendously!!!