## 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

_IMF Staff Country Reports, September 8, 2017_

## Source details

**Canonical URL:** [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](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)

## Other formats

- [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)

## Bibliographic details
- Published: September 8, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484317365.002

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### Economic outlook and growth
- "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

### External position and reserves
- "The current account deficit is projected to decline and international reserves are at a comfortable level."

### PLL qualification assessment
- "The IMF staff assesses that Morocco continues to meet the PLL qualification criteria"
- Performance by area:
  - Performs strongly in four out of the five areas of PLL qualification: external, monetary, financial, and data.
  - "Does not substantially underperform in the fifth area (fiscal)."

### Staff recommendation
- "The IMF staff recommends the completion of the second review under the PLL arrangement."

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr17264.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr17264.pdf){rel="external" type="application/pdf"}

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_Source: 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_