Morocco : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

February 3, 2017

Electronic Access:

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Summary:

Macroeconomic conditions have improved since 2012 despite sluggish growth. In 2016, growth slowed due to a sharp contraction in agricultural output and subdued non-agricultural activity; the fiscal deficit is estimated to have declined to 3.5 percent of GDP; the current account deficit widened slightly to 2.9 percent of GDP; and international reserves strengthened to about seven months of imports. Reforms are advancing, including of the public pension system and the transition to a new exchange rate and monetary regime. Banks are adequately capitalized, but non-performing loans (NPLs) are increasing and credit concentration risks need to be reduced.

Series:

Country Report No. 17/36

Subject:

English

Publication Date:

February 3, 2017

ISBN/ISSN:

9781475574579/1934-7685

Stock No:

1MAREA2017001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

69

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