IMF Staff Country Reports

Morocco: Request for an Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Morocco

April 11, 2025

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Format: Chicago

International Monetary Fund. Middle East and Central Asia Dept. "Morocco: Request for an Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Morocco", IMF Staff Country Reports 2025, 094 (2025), accessed May 17, 2025, https://doi.org/10.5089/9798229006743.002

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Summary

The Moroccan economy showed remarkable resilience to recent shocks, although a succession of droughts severely curtailed agricultural production and pushed unemployment to historical highs. Morocco's very strong institutional and policy framework has been effective in addressing these shocks, with well-calibrated fiscal, monetary, and financial policies. The authorities continue to implement their ambitious structural reform agenda, towards a more resilient, greener, inclusive, private sector-led growth, and further strengthening their institutional policy frameworks. The authorities remain fully committed to maintaining very strong policies and policy frameworks.

Subject: Assessing reserve adequacy (ARA), External debt, External position, Financial institutions, Inflation, Loans, Prices, Public debt

Keywords: Assessing reserve adequacy (ARA), External Economic Stress index, FCL arrangement, FCL qualification criteria, Global, Inflation, Loans, Morocco's economy, Qualification criteria

Publication Details

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