Morocco: 2018 Request for an Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Morocco
January 24, 2019
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Following the expiration of the third Precautionary and Liquidity Line (PLL) arrangement, in July 2018, the authorities have requested a new PLL arrangement. They did not draw on the last three arrangements and have made further progress in reducing domestic vulnerabilities in recent years, despite a sharp pick up in oil prices. In an external environment that remains subject to important downside risks, a successor arrangement will support the authorities’ policies to strengthen the economy’s resilience and promote higher and more inclusive growth.
Subject: Balance of payments, Current account, External debt, External position, Oil prices, Prices, Public debt
Keywords: administration reform, authority, CR, current account, Current account, Global, health insurance program, IMF arrangement, IMF Deputy managing director, IMF's transparency policy, ISCR, Maghreb, Middle East, Oil prices, PLL, PLL eligibility, reform effort, SDR, successor Precautionary and Liquidity Line
Pages:
68
Volume:
2019
DOI:
Issue:
024
Series:
Country Report No. 2019/024
Stock No:
1MAREA2019001
ISBN:
9781484396001
ISSN:
1934-7685
