Morocco: Request for an Arrangement Under the Precautionary and Liquidity Line and Cancellation of the Current Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Morocco
IMF Staff Country Reports, August 2, 2016
Source details
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- Morocco: Request for an Arrangement Under the Precautionary and Liquidity Line and Cancellation of the Current Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Morocco
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Bibliographic details
- Published: August 2, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475521825.002
Summary and context
- The paper discusses Morocco’s request for an arrangement under the Precautionary and Liquidity Line (PLL) and cancellation of the current arrangement.
- Morocco’s economic fundamentals and policy frameworks are described as sound.
- The country is implementing sound policies and remains committed to maintaining such policies in the future.
IMF staff assessment
- IMF staff assesses that Morocco performs strongly in four of the five areas of PLL qualification.
- IMF staff assesses that Morocco does not substantially underperform in the fiscal area.
- IMF staff finds that Morocco does not face any of the circumstances under which the IMF might no longer approve a PLL arrangement.
Recommendation
- The IMF staff recommends the approval of the authorities’ request for an arrangement under the Precautionary and Liquidity Line and the cancellation of the current arrangement.
Subject matter and keywords
- Subject: Balance of payments, Credit, Current account, External debt, Money, Oil prices, Prices, Public debt
- Keywords: a number of reform, authority, CR, Credit, Current account, Global, IMF Deputy managing director, ISCR, Maghreb, nonagricultural GDP growth, Oil prices, PLL, policy implementation, price development, reform, SDR, Sub-Saharan Africa