{
  "title": "Morocco: Third Review under the Arrangement under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Morocco",
  "publication": "IMF Staff Country Reports, February 8, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/morocco-third-review-under-the-arrangement-under-the-precautionary-and-liquidity-line-press-43677",
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  "summary": "This paper reviews Morocco's economic performance under a program supported by a two-year Precautionary and Liquidity Line (PLL) arrangement. Macroeconomic conditions of Morocco have continued to improve, but challenges remain same.",
  "sections": [
    {
      "heading": "Program performance and macroeconomic assessment",
      "content": "- The paper reviews Morocco's economic performance under a two-year Precautionary and Liquidity Line (PLL) arrangement.\n- Macroeconomic conditions of Morocco have continued to improve, but challenges remain the same.\n- Continued reform implementation is essential to:\n  - strengthen macroeconomic buffers, and\n  - promote higher and more inclusive growth."
    },
    {
      "heading": "Structural reforms and medium-term growth",
      "content": "- Sustained implementation of structural reforms will be critical to boost potential growth in the medium term.\n- The report emphasizes the importance of ongoing reform implementation to address remaining challenges and support inclusive growth."
    },
    {
      "heading": "PLL status, authorities' intentions, and exit considerations",
      "content": "- The authorities intend to continue to treat the current arrangement as precautionary.\n- The authorities are still assessing possible options regarding:\n  - Morocco's exit strategy, and\n  - the potential need for a successor arrangement.\n- Overall assessment: Morocco continues to meet the qualification criteria for a PLL arrangement."
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subjects: Credit, External debt, Financial regulation and supervision, Money, National accounts, Public debt\n- Keywords: CR, Credit, deficit, end-December deficit target, financial market volatility, Global, IMF Deputy managing director, IMF's executive board, ISCR, Maghreb, PLL review report, policy\n\n---\n\n Content in this bundle\n\n- cr1638\n  - cr1638 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr1638 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: February 8, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484398036.002",
    "The paper reviews Morocco's economic performance under a two-year Precautionary and Liquidity Line (PLL) arrangement.",
    "Macroeconomic conditions of Morocco have continued to improve, but challenges remain the same.",
    "Continued reform implementation is essential to:",
    "Sustained implementation of structural reforms will be critical to boost potential growth in the medium term.",
    "The report emphasizes the importance of ongoing reform implementation to address remaining challenges and support inclusive growth.",
    "The authorities intend to continue to treat the current arrangement as precautionary.",
    "The authorities are still assessing possible options regarding:",
    "Overall assessment: Morocco continues to meet the qualification criteria for a PLL arrangement.",
    "Subjects: Credit, External debt, Financial regulation and supervision, Money, National accounts, Public debt",
    "Keywords: CR, Credit, deficit, end-December deficit target, financial market volatility, Global, IMF Deputy managing director, IMF's executive board, ISCR, Maghreb, PLL review report, policy",
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