Morocco : Second Review under the Precautionary and Liquidity Line

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

September 27, 2013

Electronic Access:

Free Full Text (PDF file size is 1246 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper highlights Morocco’s Second Review Under the Precautionary and Liquidity Line. The IMF report analyzes that the 2012 fiscal outcome entailed a significant slippage from the authorities’ target and exposed vulnerabilities in the budget framework. Core inflation has remained low while the unemployment rate remained about 9 percent. After worsening in 2012, the current account has been improving in 2013, while reserves have stabilized at about four months of imports. Liquidity conditions have remained tight, and credit growth has continued to decelerate, driven by both supply and demand factors.

Series:

Country Report No. 13/302

Subject:

English

Publication Date:

September 27, 2013

ISBN/ISSN:

9781484387986/1934-7685

Stock No:

1MAREA2013003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

45

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