Morocco: Staff Report for the 2003 Article IV Consultation
May 28, 2003
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This 2003 Article IV Consultation highlights that Morocco’s growth performance over the last decade has not been strong enough to reduce poverty. Growth has also been volatile because of the impact of recurrent drought conditions on agricultural output. Economic conditions improved in 2002 despite a less favorable international environment, which was marked by a decline in tourism and external demand. Real GDP growth reached 4.5 percent reflecting a further rise in agricultural output and somewhat higher growth in the nonagricultural sectors.
Subject: Expenditure, External debt, Fiscal policy, Fiscal stance, Privatization, Public debt, Tariffs, Taxes
Keywords: authorities' effort, central bank, CR, debt-to-GDP, exchange rate, Fiscal stance, Global, government, government debt-to-GDP ratio, government entity, government share, government support, ISCR, Maghreb, reform agenda, Tariffs
Pages:
66
Volume:
2003
DOI:
Issue:
141
Series:
Country Report No. 2003/141
Stock No:
1MAREA0022003
ISBN:
9781451824704
ISSN:
1934-7685
