## Morocco: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco

_IMF Staff Country Reports, July 16, 2019_

## Source details

**Canonical URL:** [Morocco: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco](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)

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## Bibliographic details
- Published: July 16, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498325899.002

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### Macroeconomic outlook and key projections
- 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:
  - delays in implementing reforms
  - lower growth in key partner countries (particularly in the euro area)
  - higher oil prices
  - geopolitical risks
  - volatile financial conditions

### Main areas of policy focus and recommendations
- Strengthen the resilience of the economy through:
  - continued fiscal reforms
  - greater exchange rate flexibility
  - strengthened financial sector soundness
- Advance mutually-reinforcing and properly sequenced reforms to raise growth and inclusion, including:
  - improving public sector governance
  - promoting private sector development
  - reducing inequalities

### Discussions and analytical emphasis
- The discussions mainly focused on:
  - fiscal consolidation and reforms to bolster macroeconomic resilience
  - exchange rate policy adjustments to enhance external resilience
  - financial sector reforms to ensure soundness and stability

### Publication and document metadata (as provided)
- 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

*International 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).*

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_Source: 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_