IMF Staff Country Reports

Morocco: Staff Report for the 2005 Article IV Consultation

Publication Date:

November 23, 2005

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2005 Article IV Consultation highlights that economic growth in Morocco has been volatile and insufficient to significantly reduce poverty and unemployment. Growth averaged 3 percent over the last decade. It has been volatile because of the dependency of agriculture on rainfalls. In 2004, macroeconomic and financial conditions remained stable. The unfavorable agricultural campaign is expected to affect macroeconomic conditions in 2005. The current account is likely to register a small deficit partly because of a high level of imports of food products and a higher oil bill.

Series:

Country Report No. 2005/418

Subject:

Exchange rate arrangements Expenditure External debt Foreign exchange Public debt Revenue administration

Notes:

Also available online in French.