## Morocco: 2013 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Morocco

_IMF Staff Country Reports, March 6, 2014_

## Source details

**Canonical URL:** [Morocco: 2013 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Morocco](https://www.imf.org/en/publications/cr/issues/2016/12/31/morocco-2013-article-iv-consultation-staff-report-press-release-and-statement-by-the-41401)

## Other formats

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## Bibliographic details
- Published: March 6, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484327999.002

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### Summary
- This paper discusses Morocco’s 2013 Article IV Consultation on economic developments and policies.
- The IMF report highlights that despite unfavorable external and domestic environment Morocco’s economic performance has improved during 2013.
- Morocco’s economy remains vulnerable to international conditions and a difficult regional environment.
- The report focuses on the importance of giving more flexibility in the exchange rate regime to:
  - support competitiveness,
  - enhance the capacity of the economy to absorb shocks, and
  - support the authorities’ strategy for diversifying external flows away from Europe.

### Key findings
- Economic performance improved during 2013 despite unfavorable external and domestic environment.
- The economy remains vulnerable to international conditions and a difficult regional environment.
- Greater exchange rate flexibility is emphasized as important for competitiveness, shock absorption, and diversification of external flows away from Europe.

### Policy recommendations and focus areas
- Give more flexibility in the exchange rate regime to:
  - support competitiveness,
  - enhance the economy’s capacity to absorb shocks,
  - support the authorities’ strategy for diversifying external flows away from Europe.

### Subjects and keywords
- Subjects: Balance of payments, Banking, Credit, Current account, Employment, Financial institutions, Fiscal policy, Labor, Loans, Money
- Keywords: authorities adjustment, CR, Credit, Current account, deficit target, dirham exchange rate, Employment, Europe, exchange rate, Global, government, government coalition, holding, IMF staff estimate, ISCR, Loans, Maghreb

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## Content in this bundle

- **Cr1465**
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- **Cr1465f**
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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/morocco-2013-article-iv-consultation-staff-report-press-release-and-statement-by-the-41401_