Morocco: Third Review under the Arrangement under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Morocco
IMF Staff Country Reports, February 8, 2016
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- Morocco: Third Review under the Arrangement under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Morocco
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Bibliographic details
- Published: February 8, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484398036.002
Program performance and macroeconomic assessment
- The paper reviews Morocco's economic performance under a two-year Precautionary and Liquidity Line (PLL) arrangement.
- Macroeconomic conditions of Morocco have continued to improve, but challenges remain the same.
- Continued reform implementation is essential to:
- strengthen macroeconomic buffers, and
- promote higher and more inclusive growth.
Structural reforms and medium-term growth
- Sustained implementation of structural reforms will be critical to boost potential growth in the medium term.
- The report emphasizes the importance of ongoing reform implementation to address remaining challenges and support inclusive growth.
PLL status, authorities' intentions, and exit considerations
- The authorities intend to continue to treat the current arrangement as precautionary.
- The authorities are still assessing possible options regarding:
- Morocco's exit strategy, and
- the potential need for a successor arrangement.
- Overall assessment: Morocco continues to meet the qualification criteria for a PLL arrangement.
Subject coverage and keywords
- Subjects: Credit, External debt, Financial regulation and supervision, Money, National accounts, Public debt
- Keywords: CR, Credit, deficit, end-December deficit target, financial market volatility, Global, IMF Deputy managing director, IMF's executive board, ISCR, Maghreb, PLL review report, policy