{
  "title": "Morocco: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco",
  "publication": "IMF Staff Country Reports, July 16, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/07/12/morocco-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-47114",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2019/07/12/morocco-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-47114",
  "overlayPath": "/en/publications/cr/issues/2019/07/12/morocco-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-47114/index.md",
  "summary": "This 2019 Article IV Consultation with Morocco discusses that gradually increasing growth, moderate inflation, and stronger external and fiscal buffers are expected over the medium term, benefiting from sustained reform implementation.",
  "sections": [
    {
      "heading": "Macroeconomic outlook and key projections",
      "content": "- Gradually increasing growth, moderate inflation, and stronger external and fiscal buffers are expected over the medium term, benefiting from sustained reform implementation.\n- Outlook subject to significant domestic and external risks:\n  - delays in implementing reforms\n  - lower growth in key partner countries (particularly in the euro area)\n  - higher oil prices\n  - geopolitical risks\n  - volatile financial conditions"
    },
    {
      "heading": "Main areas of policy focus and recommendations",
      "content": "- Strengthen the resilience of the economy through:\n  - continued fiscal reforms\n  - greater exchange rate flexibility\n  - strengthened financial sector soundness\n- Advance mutually-reinforcing and properly sequenced reforms to raise growth and inclusion, including:\n  - improving public sector governance\n  - promoting private sector development\n  - reducing inequalities"
    },
    {
      "heading": "Discussions and analytical emphasis",
      "content": "- The discussions mainly focused on:\n  - fiscal consolidation and reforms to bolster macroeconomic resilience\n  - exchange rate policy adjustments to enhance external resilience\n  - financial sector reforms to ensure soundness and stability"
    },
    {
      "heading": "Publication and document metadata (as provided)",
      "content": "- Date: July 16, 2019\n- Pages: 74\n- Volume: 2019\n- Issue: 230\n- Series: Country Report No. 2019/230\n- DOI: https://doi.org/10.5089/9781498325899.002\n- Stock No: 1MAREA2019003\n- ISBN: 9781498325899\n- ISSN: 1934-7685\n\nInternational Monetary Fund. Middle East and Central Asia Dept. \"Morocco: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco\", IMF Staff Country Reports 2019, 230 (2019).\n\n---\n\n Content in this bundle\n\n- 1marea2019003\n  - 1marea2019003 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1marea2019003 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2019/07/12/morocco-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-47114/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2019/07/12/morocco-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-47114/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2019/07/12/morocco-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-47114/bundle-manifest.json)",
    "Published: July 16, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498325899.002",
    "Gradually increasing growth, moderate inflation, and stronger external and fiscal buffers are expected over the medium term, benefiting from sustained reform implementation.",
    "Outlook subject to significant domestic and external risks:",
    "Strengthen the resilience of the economy through:",
    "Advance mutually-reinforcing and properly sequenced reforms to raise growth and inclusion, including:",
    "The discussions mainly focused on:",
    "Date: July 16, 2019",
    "Pages: 74",
    "Volume: 2019",
    "Issue: 230",
    "Series: Country Report No. 2019/230",
    "DOI: https://doi.org/10.5089/9781498325899.002",
    "Stock No: 1MAREA2019003",
    "ISBN: 9781498325899",
    "ISSN: 1934-7685",
    "**1marea2019003**"
  ],
  "related": [
    {
      "title": "1marea2019003",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2019/1marea2019003.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2019/1marea2019003.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2019/1marea2019003.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2019/07/12/morocco-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-47114/index.md",
    "json": "/en/publications/cr/issues/2019/07/12/morocco-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-47114/index.json",
    "bundleManifest": "/en/publications/cr/issues/2019/07/12/morocco-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-47114/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-12T14:34:30.436Z"
}