Morocco : Second Review under the Precautionary and Liquidity Line

Publication Date: September 27, 2013
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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.
Series: Country Report No. 13/302
Subject(s): Precautionary and Liquidity Line | Fiscal policy | Fiscal consolidation | Fiscal reforms | Banking sector | Monetary policy | Economic indicators | Staff Reports | Press releases | Morocco

Publication Date: September 27, 2013
ISBN/ISSN: 9781484387986/1934-7685 Format: Paper
Stock No: 1MAREA2013003 Pages: 45
US$18.00 (Academic Rate:
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