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

August 2, 2016

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Format: Chicago

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, (USA: International Monetary Fund, 2016) accessed September 19, 2024

Summary

This 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 sound. The country is implementing sound policies and remains committed to maintaining such policies in the future. The IMF staff assesses that Morocco performs strongly in four of the five areas of PLL qualification, does not substantially underperform in the fiscal area, and does not face any of the circumstances under which the IMF might no longer approve a PLL arrangement. The IMF staff recommends the approval of the authorities’ request.

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

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/265
Stock No:

1MAREA2016005
ISBN:

9781475521825
ISSN:

1934-7685

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