## Morocco: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco

_IMF Staff Country Reports, February 8, 2016_

## Source details

**Canonical URL:** [Morocco: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco](https://www.imf.org/en/publications/cr/issues/2016/12/31/morocco-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43674)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/morocco-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43674/index.md)
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## Bibliographic details
- Published: February 8, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484391921.002

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### Macroeconomic situation and main findings
- The macroeconomic situation of Morocco continues to improve.
- Growth is recovering and should reach 4.7 percent in 2015.
- Nonagricultural activity remains sluggish.
- Inflation remains low.
- Recent policy action and a more favorable external environment have yielded macroeconomic improvements.
- Much remains to be done to secure higher and more inclusive growth.

### Growth outlook and near-term projections
- 2015: growth should reach 4.7 percent.
- 2016: growth will be affected by a base effect following the very good 2015 agricultural season.
- 2017: a gradual recovery is expected.

### Policy implications and reform priorities
- Reform efforts need to be maintained to secure longer-term stability.
- Reforms are required to raise growth potential.
- Emphasis on securing higher and more inclusive growth.

### Publication and document metadata
- Publication date: February 8, 2016
- Pages: 62
- Volume: 2016
- Issue: 035
- Series: Country Report No. 2016/035
- DOI: https://doi.org/10.5089/9781484391921.002
- Stock No: 1MAREA2016001
- ISBN: 9781484391921
- ISSN: 1934-7685
- Available: Full text also available in French

### Subjects and keywords
- Subject: Banking, Credit, Expenditure, External debt, Money, National accounts, Public debt
- Keywords: authority, CR, Credit, dirham exchange rate, Europe, exchange rate, Global, government bureaucracy, government policy, headline inflation, ISCR, Maghreb, monetary policy, monetary policy transmission, policy, staff finding

*Source: Morocco: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco (IMF Staff Country Reports 2016, 035)*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/morocco-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43674_