{
  "title": "Morocco: Second Review Under the Arrangement Under the Precautionary and Liquidity Line(PLL)-Press Release; Staff Report; and Statement by the Executive Director for Morocco",
  "publication": "IMF Staff Country Reports, September 8, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/09/08/morocco-second-review-under-the-arrangement-under-the-precautionary-and-liquidity-line-pll-45226",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2017/09/08/morocco-second-review-under-the-arrangement-under-the-precautionary-and-liquidity-line-pll-45226",
  "overlayPath": "/en/publications/cr/issues/2017/09/08/morocco-second-review-under-the-arrangement-under-the-precautionary-and-liquidity-line-pll-45226/index.md",
  "summary": "This paper discusses Morocco’s Second Review Under the Arrangement Under the Precautionary and Liquidity Line (PLL). Growth prospects for 2017 have improved, but nonagricultural growth is subdued.",
  "publishDate": "2017-09-08",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Economic outlook and growth",
      "content": "- \"Growth prospects for 2017 have improved, but nonagricultural growth is subdued.\"\n- Subject tags: Balance of payments, Credit, Current account deficits, External debt, External position, Imports, Money, Public debt\n- Keywords: Africa, CR, Credit, Current account deficits, Global, government, government program, IMF arrangement, ISCR, Maghreb, Morocco's Precautionary and Liquidity Line, PLL qualification criteria, policy, policy implementation, reform"
    },
    {
      "heading": "External position and reserves",
      "content": "- \"The current account deficit is projected to decline and international reserves are at a comfortable level.\""
    },
    {
      "heading": "PLL qualification assessment",
      "content": "- \"The IMF staff assesses that Morocco continues to meet the PLL qualification criteria\"\n- Performance by area:\n  - Performs strongly in four out of the five areas of PLL qualification: external, monetary, financial, and data.\n  - \"Does not substantially underperform in the fifth area (fiscal).\""
    },
    {
      "heading": "Staff recommendation",
      "content": "- \"The IMF staff recommends the completion of the second review under the PLL arrangement.\"\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/09/08/morocco-second-review-under-the-arrangement-under-the-precautionary-and-liquidity-line-pll-45226"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2017/09/08/morocco-second-review-under-the-arrangement-under-the-precautionary-and-liquidity-line-pll-45226/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2017/09/08/morocco-second-review-under-the-arrangement-under-the-precautionary-and-liquidity-line-pll-45226/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2017/09/08/morocco-second-review-under-the-arrangement-under-the-precautionary-and-liquidity-line-pll-45226/bundle-manifest.json)",
    "Published: September 8, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484317365.002",
    "\"Growth prospects for 2017 have improved, but nonagricultural growth is subdued.\"",
    "Subject tags: Balance of payments, Credit, Current account deficits, External debt, External position, Imports, Money, Public debt",
    "Keywords: Africa, CR, Credit, Current account deficits, Global, government, government program, IMF arrangement, ISCR, Maghreb, Morocco's Precautionary and Liquidity Line, PLL qualification criteria, policy, policy implementation, reform",
    "\"The current account deficit is projected to decline and international reserves are at a comfortable level.\"",
    "\"The IMF staff assesses that Morocco continues to meet the PLL qualification criteria\"",
    "Performance by area:",
    "\"The IMF staff recommends the completion of the second review under the PLL arrangement.\"",
    "**Country Report**"
  ],
  "related": [
    {
      "title": "Country Report",
      "role": "report",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2017/cr17264.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2017/cr17264.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2017/cr17264.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2017/09/08/morocco-second-review-under-the-arrangement-under-the-precautionary-and-liquidity-line-pll-45226/index.md",
    "json": "/en/publications/cr/issues/2017/09/08/morocco-second-review-under-the-arrangement-under-the-precautionary-and-liquidity-line-pll-45226/index.json",
    "bundleManifest": "/en/publications/cr/issues/2017/09/08/morocco-second-review-under-the-arrangement-under-the-precautionary-and-liquidity-line-pll-45226/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-23T13:09:54.466Z"
}