Morocco: 2008 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice; and Statement by the Executive Director for Morocco
September 16, 2008
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The 2008 Article IV Consultation discusses the economic growth for Morocco, which has made major progress to strengthen the economy’s resilience to shocks. Sound macroeconomic policies combined with sustained structural reforms and the opportunities provided by globalization have resulted in a gradual improvement in living standards. Executive Directors considered that Morocco’s universal subsidy scheme is the most important policy issue facing the authorities. They shared the authorities’ assessment of the main upside risks to inflation, including possible second-round effects from higher imported prices and increased demand pressures.
Subject: Credit, Current account, Economic sectors, External debt, Financial Sector, Inflation, Money, Prices, Public debt
Keywords: Bank Al-Maghrib, Central Africa, consumer price, cooking gas, CR, Credit, East Africa, Financial sector, Global, Inflation, ISCR, Maghreb, Middle East, nonfood inflation, staff appraisal, year-on-year consumer price inflation
Pages:
51
Volume:
2008
DOI:
Issue:
304
Series:
Country Report No. 2008/304
Stock No:
1MAREA2008001
ISBN:
9781451824810
ISSN:
1934-7685
Notes
Full text also available in French.
