Morocco: Technical Assistance Report-Monetary and Financial Statistics Mission (July 17 - 28, 2017)
IMF Staff Country Reports, March 25, 2019
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- Morocco: Technical Assistance Report-Monetary and Financial Statistics Mission (July 17 - 28, 2017)
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Bibliographic details
- Published: March 25, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498303064.002
Summary findings
- Finalization of the development of standardized report forms (SRF) for other financial corporations (OFC) was discussed.
- The mission held constructive discussions with Bank Al-Maghrib’s (BAM) staff on various aspects of the compilation of monetary and financial statistics (MFS) aimed at improving the quality of the data.
- These discussions led to the preparation of a detailed action plan with priority recommendations intended to make headway in improving MFS.
- The mission held constructive discussions with the staff of the Banking Supervision Department on the classification in the monetary statistics of the financial products offered by Islamic banks.
- The mission supported BAM proposal to develop a reporting form for the collection of bank source data on securities valuation.
- The mission made recommendations to improve the sectoring of the financial statements of finance companies and offshore banks.
Priority recommendations and operational items (as reported)
- Prepare and implement the detailed action plan arising from mission discussions to improve MFS compilation and data quality.
- Finalize and roll out standardized report forms (SRF) for OFC to strengthen coverage and reporting consistency.
- Develop a reporting form for collection of bank source data on securities valuation to improve valuation practices in monetary statistics.
- Clarify and apply classification guidance for financial products offered by Islamic banks within monetary statistics.
- Improve sectoring practices for finance companies and offshore banks to ensure accurate institutional classification in financial statistics.
Thematic coverage and keywords
- Subject areas: Business enterprises, Economic and financial statistics, Economic sectors, Financial institutions, Financial services, Financial statistics, Monetary statistics, Nonbank financial institutions, Offshore financial centers
- Keywords: BAM staff, BAM's proposal, bank, Bank Al-Maghrib, bank source data, Business enterprises, CR, financial product, Financial statistics, ISCR, Maghreb, Monetary statistics, Nonbank financial institutions, OFC sector, Offshore financial centers, report form, Sub-Saharan Africa
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- 1marea2019002