Morocco: Second Review under the Precautionary and Liquidity Line

September 27, 2013

Preview Citation

Format: Chicago

Morocco: Second Review under the Precautionary and Liquidity Line, (USA: International Monetary Fund, 2013) accessed September 19, 2024

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.

Subject: Balance of payments, Credit, Current account deficits, External debt, Government debt management, Money, Public debt, Public financial management (PFM)

Keywords: Close monitoring, CR, Credit, Current account deficits, Deficit, Europe, Global, Government debt management, IMF's executive board, Inflation in June, Inflation rate, ISCR, Maghreb, Staff appraisal, Y-o-y inflation rate

Publication Details

Pages:

45
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/302
Stock No:

1MAREA2013003
ISBN:

9781484387986
ISSN:

1934-7685

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