Morocco : Third Review Under the Arrangement Under the Precautionary and Liquidity Line (PLL)-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:

March 12, 2018

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Macroeconomic vulnerabilities have declined since 2012, but growth remains subdued and sensitive to volatile agricultural output. External imbalances are contained and fiscal consolidation resumed in 2017 after a pause in 2016. Job creation has improved but unemployment remains high, particularly among the youth. Social tensions increased in 2017, and in response, the authorities took steps to accelerate local social programs and investment projects. The government appointed in April 2017 remains committed to implementing sound policies and reforms have resumed. However, the outlook is subject to significant risks, including geopolitical risks in the region, weaker-than-expected growth in the euro area and delays in implementing key reforms. To achieve higher, sustainable, and more inclusive growth, reform implementation needs to accelerate, particularly in the areas of governance, the business environment, education, and the labor market.

Series:

Country Report No. 18/58

Subject:

English

Publication Date:

March 12, 2018

ISBN/ISSN:

9781484344903/1934-7685

Stock No:

1MAREA2018001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

37

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