Executive Board
Calendar
Board Discussions
on Morocco:

Previous:
July 23, 2008
August 3, 2007
October 11, 2006
August 29, 2005
May 5, 2004

Projected % Change
   2009  2010
Real GDP 5 3.2
Consumer Prices 2.8 2.8
Source: World Economic Outlook (October 2009)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Morocco: Financial Position in the Fund

International Reserves

Transactions with the Fund

Central Bank
Bank Al-Maghrib

Finance Ministry
Ministere des Finances et de la Privatisation


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Morocco and the IMF
Updated November 20, 2009

The last Article IV Executive Board Consultation was on July 23, 2008. Morocco is a subscriber to the Special Data Dissemination Standard. Listed below are items related to Morocco, in reverse chronological order (you can also view items by category).

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November 20, 2009 -- New Morocco -- Preliminary Findings of the 2009 Article IV Consultation
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
November 13, 2009 -- New Press Release: Statement of an IMF Mission on the 2009 Article IV Consultation with Morocco
October 11, 2009 -- IMF Survey: Sound Policies Soften Crisis Impact on Middle East
Oil exporters in the Middle East and North Africa have been hit by the global crisis through a sharp drop in oil prices and lower capital inflows, but the blow has been softened by countercyclical government spending, the IMF’s new regional outlook says.
May 21, 2009 -- Transcript of a Press Briefing by Caroline Atkinson, Director, External Relations, International Monetary Fund
March 13, 2009 -- IMF Survey: Africa Conference Debates Way Forward Amid Crisis
The international donor community must honor its commitments to Africa, but the continent can also do more to live up to its growth potential and strengthen its resilience, concluded participants at a two-day conference on Africa's economy in Dar es Salaam, Tanzania.
March 01, 2009 -- Credit Market in Morocco: A Disequilibrium Approach
Author/Editor: Allain, Laurence | Oulidi, Nada
Series: Working Paper No. 09/53
October 14, 2008 -- Morocco: Financial System Stability Assessment - Update
Series: Country Report No. 08/333
October 07, 2008 -- Morocco: Selected Issues
Series: Country Report No. 08/331
Notes: Also available online in French
September 16, 2008 -- Morocco: 2008 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice; and Statement by the Executive Director for Morocco
Series: Country Report No. 08/304
Notes: Full text also available in French.
July 31, 2008 -- Press Release: Statement by IMF Managing Director Dominique Strauss-Kahn at the Conclusion of his Visit to Morocco
July 28, 2008 -- Public Information Notice: IMF Executive Board Concludes 2008 Article IV Consultation with Morocco
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
June 25, 2008 -- Morocco -- Preliminary Findings of the 2008 Article IV Consultation<
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
June 10, 2008 -- Press Release: Statement by an IMF Staff Mission to Morocco
April 12, 2008 -- IMFC Statement by Honourable Mohammed Laksaci, Governor, Banque d'Algérie
On behalf of: Islamic Republic of Afghanistan, Algeria, Islamic Republic of Iran, Morocco, Pakistan, Tunisia. PDF File Size: 169Kb
November 28, 2007 -- Introductory Remarks At the Conference on the Role of the Private Sector in Economic Development and Regional Integration in the Maghreb, By Murilo Portugal, Deputy Managing Director, IMF
October 20, 2007 -- IMFC Statement by the Honorable Mohammed Laksaci, Governor of the Bank of Algeria
On behalf of: Islamic Republic of Afghanistan, Algeria, Ghana, Islamic Republic of Iran, Morocco, Pakistan, Tunisia. PDF File Size: 165Kb
September 20, 2007 -- Morocco: 2007 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Morocco
Series: Country Report No. 07/323
Notes: Also available in French.
August 09, 2007 -- Public Information Notice: IMF Executive Board Concludes 2007 Article IV Consultation with Morocco
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
July 03, 2007 -- Press Release: Statement by the IMF Mission of the 2007 Article IV Consultation with Morocco
June 11, 2007 -- Morocco: 2007 Article IV Consultation Discussions; Concluding Statement, Rabat, Morocco
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
April 04, 2007 -- Press Release: Statement by IMF Deputy Managing Director Murilo Portugal at the Conclusion of his Visit to Morocco
April 04, 2007 -- Remarks by Murilo Portugal, Deputy Managing Director of the International Monetary Fund, At a High-level Regional Seminar on Inflation Targeting in Rabat, Morocco
December 21, 2006 -- Press Release: IMF Managing Director Rodrigo de Rato's Statement at the Conclusion of his Visit to Morocco
December 20, 2006 -- Introductory Remarks by Rodrigo de Rato Managing Director of the International Monetary Fund, At the Conference on Financial Sector Reforms and Prospects for Financial Integration in the Maghreb Countries
November 21, 2006 -- Morocco: 2006 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Morocco
Series: Country Report No. 06/413
Notes: Also available online in French.
November 20, 2006 -- IMF Survey:
John Lipsky's visit to South Africa and Mali, Latin American growth, Uruguay repays loan, Eastern Europe, Albania's economy, Belarus and Morocco, U.S. current account deficit, Francis Warnock, IMF governance, fiscal adjustment. PDF File Size: 977Kb
October 13, 2006 -- Public Information Notice: IMF Executive Board Concludes 2006 Article IV Consultation with Morocco
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
June 23, 2006 -- The Euro-Mediterranean Partnership Ten Years On: Reassessing Readiness and Prospects, Statement by Saleh M. Nsouli, Director of IMF Offices in Europe, IMF
At Crans-Montana Forum, Monaco
June 20, 2006 -- Morocco -- Concluding Statement of the Article IV Consultation mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
May 01, 2006 -- Altruism and Workers' Remittances: Evidence from Selected Countries in the Middle East and Central Asia
Author/Editor: Bouhga-Hagbe, Jacques
Series: Working Paper No. 06/130
April 22, 2006 -- IMFC Statement by Mohammed Laksaci, Governor, Banque d'Algérie
On behalf of: Islamic Republic of Afghanistan, Algeria, Ghana, Islamic Republic of Iran, Morocco, Pakistan, Tunisia. PDF File Size: 21Kb
April 14, 2006 -- Press Release: Statement by IMF Deputy Managing Director Agustín Carstens at the Conclusion of his Visit to Morocco
December 21, 2005 -- Press Release: Morocco Subscribes to the IMF's Special Data Dissemination Standard
November 30, 2005 -- Press Release: IMF Macroeconomic Policy Seminar for Parliamentarians from Algeria, Libya, Morocco and Tunisia
November 23, 2005 -- Morocco: 2005 Article IV Consultation - Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Morocco
Series: Country Report No. 05/418
Notes: Also available online in French.
November 23, 2005 -- Morocco: Selected Issues
Series: Country Report No. 05/419
November 23, 2005 -- Morocco: Statistical Appendix
Series: Country Report No. 05/420
November 22, 2005 -- Communiqué at the Conclusion of the Conference on Trade Facilitation in Algeria, Morocco, and Tunisia
November 21, 2005 -- Introductory Remarks by Rodrigo de Rato, Managing Director of the International Monetary Fund, At the Conference on Trade Facilitation in Algeria, Morocco, and Tunisia
Algiers, Algeria
September 24, 2005 -- IMFC Statement by the Hon. Mohammed Laksaci, Governor of the Bank of Algeria
On behalf of: Islamic Republic of Afghanistan, Algeria, Ghana, Islamic Republic of Iran, Morocco, Pakistan, Tunisia. PDF File Size: 26Kb
September 15, 2005 -- Public Information Notice: IMF Executive Board Concludes 2005 Article IV Consultation with Morocco
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
August 16, 2005 -- Morocco: Report on Observance of Standards and Codes - Fiscal Transparency Module
Series: Country Report No. 05/298
Notes: Also available online in French
June 15, 2005 -- Economic Integration in the Maghreb: the Path to Prosperity, A Commentary by Rodrigo de Rato, Managing Director, International Monetary Fund
Published in L'Economiste (Morocco)
May 01, 2005 -- Is the Middle East and North Africa Region Achieving Its Trade Potential?
Author/Editor: Söderling, Ludvig
Series: Working Paper No. 05/90
April 16, 2005 -- IMFC Statement by the Honorable Mohammed Laksaci, Governor of the IMF for Algeria
On behalf of: Islamic Republic of Afghanistan, Algeria, Ghana, Islamic Republic of Iran, Morocco, Pakistan, Tunisia. PDF File Size: 665Kb
February 28, 2005 -- Press Release: IMF Managing Director Rodrigo de Rato's Statement at the Conclusion of his Visit to Morocco
February 26, 2005 -- Press Release: IMF Managing Director Rodrigo de Rato to Visit Morocco, Algeria, and Tunisia During February 28 -- March 3, 2005
November 01, 2004 -- Foreign Direct Investment and Regional Trade Agreements: The Market Size Effect Revisited
Author/Editor: Jaumotte, Florence
Series: Working Paper No. 04/206
October 01, 2004 -- A Theory of Workers' Remittances With An Application to Morocco
Author/Editor: Bouhga-Hagbe, Jacques
Series: Working Paper No. 04/194
July 26, 2004 -- IMF Survey:
Global Monitoring Report; Carol Carson on IMF statistics initiatives; Per Jacobsson Lecture; Workers' remittances to Morocco; Development Fund for Iraq audit; Mark Watson on U.S. economy. PDF File Size: 582Kb
June 09, 2004 -- Morocco: 2004 Article IV Consultation--Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Morocco
Series: Country Report No. 04/162
Notes: Also available online in French.
June 09, 2004 -- Morocco: Statistical Appendix
Series: Country Report No. 04/163
June 09, 2004 -- Morocco: Selected Issues
Series: Country Report No. 04/164
Notes: Also available online in French.
May 12, 2004 -- Public Information Notice: IMF Concludes 2004 Article IV Consultation with Morocco
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
April 24, 2004 -- IMFC Statement by the Honorable Mohammed Laksaci, Governor of the Bank of Algeria
On behalf of: Islamic Republic of Afghanistan, Algeria, Ghana, Islamic Republic of Iran, Morocco, Pakistan, Tunisia. PDF File Size: 553Kb
January 01, 2004 -- How Private Creditors Fared in Emerging Debt Markets, 1970-2000
Author/Editor: Klingen, Christoph | Weder, Beatrice | Zettelmeyer, Jeromin
Series: Working Paper No. 04/13
August 15, 2003 -- The IMF and the Middle East and North Africa-- An IMF Issues Brief
The IMF actively supports countries in the Middle East and North Africa (MENA) region in adopting economic policies and reforms aimed at achieving stronger economic performance and higher living standards.
July 17, 2003 -- Morocco: Financial System Stability Assessment including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Regulation, Securities Regulation, Payment Systems, and Monetary and Financial Policy Transparency
Series: Country Report No. 03/212
June 17, 2003 -- Morocco: Statistical Appendix
Series: Country Report No. 03/163
May 28, 2003 -- Morocco: 2003 Article IV Consultation--Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Morocco
Series: Country Report No. 03/141
May 09, 2003 -- Public Information Notice: IMF Concludes 2003 Article IV Consultation with Morocco
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
April 04, 2003 -- Morocco: Report on the Observance of Standards and Codes-Data Module; Response by the Authorities; and Detailed Assessments Using the Data Quality Assessment Framework
Series: Country Report No. 03/92
September 28, 2002 -- Statement by The Hon. Mohammed Laksaci, Governor of the Bank of Algeria, Representing Africa Group I Constituency, IMFC Meeting, Washington, D.C., September 28, 2002
The International Monetary and Financial Committee statement on behalf of Algeria, Ghana, Islamic Republic of Iran, Morocco, Pakistan and Tunisia
April 01, 2002 -- Fiscal Revenues in South Mediterranean Arab Countries: Vulnerabilities and Growth Potential
Author/Editor: Nashashibi, Karim A.
Series: Working Paper No. 02/67
February 01, 2002 -- The Role of Affordable Mortgages in Improving Living Standards and Stimulating Growth: A Survey of Selected MENA Countries
Author/Editor: Erbas, S. Nuri | Nothaft, Frank E.
Series: Working Paper No. 02/17
November 13, 2001 -- Morocco: 2001 Article IV Consultation--Staff Report; Public Information Notice; and Statement by the Executive Director for Morocco
Series: Country Report No. 01/205
August 02, 2001 -- Public Information Notice: IMF Concludes 2001 Article IV Consultation with Morocco
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
April 29, 2001 -- Joint IMFC Development Committee Statement by Mr. Fathallah Oualalou, Minister of Economy, Finance, Privatization, and Tourism of Morocco
The International Monetary and Financial Committee member for Algeria, Ghana, Islamic Republic of Iran, Morocco, Pakistan, and Tunisia
April 29, 2001 -- Joint IMFC Development Committee Statement by Mr. Fathallah Oualalou, Minister of Economy, Finance, Privatization, and Tourism of Morocco
The International Monetary and Financial Committee member for Algeria, Ghana, Islamic Republic of Iran, Morocco, Pakistan, and Tunisia
January 06, 2001 -- Exchange Rate Regimes: Is the Bipolar View Correct? -- Address by Stanley Fischer
Prepared for delivery as the Distinguished Lecture on Economics in Government, jointly sponsored by the American Economic Association and the Society of Government Economists, at the meetings of the American Economic Association, New Orleans
September 01, 2000 -- Public Information Notice: IMF Concludes Article IV Consultation with Morocco
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
September 28, 1999 -- Statement by the Hon. Mahfoudh Ould Mohamed Ali, Governor of the IMF for Mauritania on behalf of the Arab Governors, at the Joint Annual Discussion
PDF File Size: 18Kb
July 26, 1999 -- News Brief: Camdessus Offers Condolences on Death of H.M. King Hassan II of Morocco
June 25, 1999 -- Public Information Notice: IMF Concludes Article IV Consultation with Morocco
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
March 01, 1999 -- Real Exchange Rate Behavior and Economic Growth - Evidence from Egypt, Jordan, Morocco, and Tunisia
Author/Editor: Domaç, Ilker | Shabsigh, Ghiath
Series: Working Paper No. 99/40
October 07, 1998 -- Statement by the Hon. Fathallah Oualalou, Governor of the World Bank for Morocco on behalf of the Arab Governors, at the Joint Annual Discussion
PDF File Size: 34Kb
August 01, 1998 -- Impact of European Union Association Agreements on Mediterranean Countries
Author/Editor: Ghesquière, Henri C.
Series: Working Paper No. 98/116
June 04, 1998 -- Morocco Statistical Appendix
Series: IMF Staff Country Report No. 98/42
March 31, 1998 -- Press Information Notice: IMF Concludes Article IV Consultation with Morocco
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
November 16, 1997 -- Statement by Stanley Fischer
Given at the Middle East/North Africa Economic Conference, Doha, Qatar.
July 01, 1997 -- Financial Sector Reforms in Algeria, Morocco, and Tunisia: A Preliminary Assessment
Author/Editor: Jbili, A.
Series: Working Paper No. 97/81
February 28, 1997 -- Morocco - Selected Issues
Series: IMF Staff Country Report No. 97/6
May 20, 1996 -- The Challenges for the Arab World in the Global Economy: Stability and Structural Adjustment -- Address by Michel Camdessus
Address by Michel Camdessus at the Annual Meeting of the Union of Arab Banks, New York
January 22, 1996 -- Effects of the Uruguay Round on Egypt and Morocco
Author/Editor: Shiells, Clinton R. | Subramanian, Arvind | Uimonen, Peter
Series: Working Paper No. 96/7
January 02, 1996 -- Morocco - Statistical Annex
Series: IMF Staff Country Report No. 95/140
Notes: This statistical annex on Morocco was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Morocco, or the Executive Board of the IMF.
December 01, 1995 -- Resilience and Growth Through Sustained Adjustment: The Moroccan Experience
Author/Editor: Nsouli, Saleh M. | Eken, Sena | Enders, Klaus-Stefan | Thai, Van Can | Decressin, Jörg | Cartiglia, Filippo
Series: Occasional Paper No. 117
May 01, 1994 -- The Arab Maghreb Union
Author/Editor: Finaish, Mohamad Ali | Bell, Eric
Series: Working Paper No. 94/55
Notes: The paper also examines the relationship of the Arab Maghreb Union (AMU) countries with the European Union.
September 15, 1987 -- Adjustment Policies and Development Strategies in the Arab World: Papers Presented at a Seminar held in Abu Dhabi, United Arab Emirates, February 16-18, 1987
Author/Editor: El-Naggar, Saíd

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