Morocco : Ex-Post Evaluation of Exceptional Access Under the 2014 Precautionary and Liquidity Line Arrangement-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:

September 8, 2017

Electronic Access:

Free Full text (PDF file size is 1040 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The Executive Board approved a two-year Precautionary and Liquidity Line (PLL) arrangement with Morocco in July 2014. The arrangement followed the 2012–14 PLL arrangement, and sought to build on the progress made in the previous two years. The authorities kept their objective of strengthening macroeconomic stability and promoting stronger and more job-rich growth. They committed to use the backstop provided by the PLL-supported program to help continue reducing vulnerabilities in the fiscal and external sectors, notably by reducing the fiscal and current account deficits. Per the authorities’ request, access was lower than under the previous PLL arrangement, equivalent to 550 percent of quota (about SDR 3.24billion).

Series:

Country Report No. 17/265

English

Publication Date:

September 8, 2017

ISBN/ISSN:

9781484317518/1934-7685

Stock No:

1MAREA2017005

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

33

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