Morocco : Second Review Under the Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Morocco

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

January 28, 2020

Electronic Access:

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

Summary:

Despite a challenging external environment, four successive PLL arrangements since 2012 have supported reforms to strengthen macroeconomic resilience, economic growth and inclusion. Yet, economic growth, below 3 percent, is not robust enough and unemployment remains high, especially among the youth and women. Growth is also subject to elevated risks, including weak economic growth in the euro area, and geopolitical risks. In this environment, Morocco needs to step up reforms to further enhance its macroeconomic resilience, build buffers, and move towards more private sector-led, inclusive and job-rich growth. Priority areas include: taxation; public governance and the fight against corruption; social spending to reduce inequalities; labor market and education reforms; and greater exchange rate flexibility.

Series:

Country Report No. 20/14

Subject:

English

Publication Date:

January 28, 2020

ISBN/ISSN:

9781513527055/1934-7685

Stock No:

1MAREA2020001

Format:

Paper

Pages:

48

Please address any questions about this title to publications@imf.org