Cement behaves like Goretex? Cement mortar behaves like cement mortar. Even Goretex stops acting like Goretex after a surprisingly short time.
A wall will absorb some of the driven rain. Also the wall is permeable and airborne water vapour will penetrate it from both inside and outside. When it stops raining, the water in the wall will evaporate through both the inside and outside surfaces.
In the UK we have to heat our houses for about 6 months of the year. The warm inside air can carry a lot more water vapour than the cold outside air. The usual mechanism is that the moisture is entering the wall from the internal surface and evaporating from the outside surfaces, but it is constantly changing with the internal and external conditions.
You seal the outside surface at your peril. I'd suggest you might find it interesting to research interstitial condensation before you commit yourself..