Though remittances represent a very important contribution to Morocco’s balance of payment, their role at the microeconomic level is still little explored.The article presents original empirical material collected during a field study carried out by the author in two rural provinces.Some important conclusions can be drawn on the microeconomic impact of remittances on local development and qualitative indications on the patterns of utilization of remittances and of the existing institutional framework that stimulates their use can be identified. This has enabled the author to pinpoint the existing bottlenecks and some areas of policy intervention to stimulate their productive use and increase their accelerating capacity. The relevance of these indications for the Euro-Mediterranean partnership’s co-development objectives is also highlighted.