Morocco: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Morocco

December 2, 2011

Preview Citation

Format: Chicago

Morocco: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Morocco, (USA: International Monetary Fund, 2011) accessed September 19, 2024

Also available in: français

Summary

This consultation paper explains that several years of sound macroeconomic policies and political reforms have left Morocco well equipped to address the 2008 international crisis and to respond to pressing social demands. In this challenging environment, Morocco has performed well economically and has seen its social indicators improve. It is stressed that containing and reorienting public expenditure, particularly by reforming the generalized subsidies system, will be the key to ensuring medium-term fiscal sustainability. A well-targeted subsidy system would be less costly and would better support the neediest segment of the population.

Subject: Banking, Credit, Expenditure, External debt, Money, Public debt, Revenue administration

Keywords: Broad money, CR, Credit, Dirham exchange rate, Exchange rate, Foreign currency, Fuel price shock, GDP, Global, ISCR, Liability positions vis-à-vis nonresident, Maghreb, Money market rate, Morocco, Price

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/341
Stock No:

1MAREA2011001
ISBN:

9781463928605
ISSN:

1934-7685

Notes

Also available in French

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