Morocco: Third Review under the Arrangement under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Morocco

February 8, 2016

Preview Citation

Format: Chicago

Morocco: Third Review under the Arrangement under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Morocco, (USA: International Monetary Fund, 2016) accessed September 19, 2024

Summary

This paper reviews Morocco's economic performance under a program supported by a two-year Precautionary and Liquidity Line (PLL) arrangement. Macroeconomic conditions of Morocco have continued to improve, but challenges remain same. Continued reform implementation will be essential to strengthen macroeconomic buffers and promote higher and more inclusive growth. Sustained implementation of structural reforms will be critical to boost potential growth in the medium term. The authorities intend to continue to treat the current arrangement as precautionary, and are still assessing possible options regarding Morocco's exit strategy and the potential need for a successor arrangement. Overall, Morocco continues to meet the qualification criteria for a PLL arrangement.

Subject: Credit, External debt, Financial regulation and supervision, Money, National accounts, Public debt

Keywords: CR, Credit, Deficit, End-December deficit target, Financial market volatility, Global, IMF Deputy managing director, IMF's executive board, ISCR, Maghreb, PLL review report, Policy

Publication Details

Pages:

35
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/038
Stock No:

1MAREA2016004
ISBN:

9781484398036
ISSN:

1934-7685

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