IMF Staff Country Reports

Morocco: Staff Report for the 2004 Article IV Consultation

Publication Date:

June 9, 2004

Electronic Access:

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Summary:

This 2004 Article IV Consultation highlights that Morocco’s macroeconomic conditions remained strong in 2003. Growth increased to 5.5 percent because of an exceptionally good cereal production, while non-agricultural growth showed signs of revival. Inflation was below 2 percent and the external position strengthened further. External reserves reached the equivalent of 10 months of imports of goods and services and covered the totality of external public and publicly guaranteed debt. Macroeconomic conditions are projected to remain broadly unchanged in 2004.

Series:

Country Report No. 2004/162

Subject:

Economic sectors Exchange rate flexibility Expenditure External debt Foreign exchange Privatization Public debt

Notes:

Also available online in French.