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

Author: International Monetary Fund. Middle East and Central Asia Dept.

Volume/Issue: Volume 2014 Issue 066

Publication date: March 2014

ISBN: 9781475515497

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Money and Monetary Policy , Public Finance , ISCR , CR , government , government coalition , PLL , , Morocco , GDP , PLL review , IMF staff estimate , authorities adjustment , deficit target , economy's resilience , Credit , Loans , Europe , Maghreb , Global

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Summary

This paper reviews Morocco’s Third Review Under the Two Year Precautionary and Liquidity Line (PLL). The PLL aims to provide insurance against external risks while supporting the authorities program aimed at reducing fiscal and external vulnerabilities and increasing higher growth. The paper outlines that macroeconomic performance has improved in 2013, but the outlook still hinges on the sustained delivery of reforms. The IMF report highlights that continued improvement in economic conditions depend on the sustained implementation of reforms to further reduce vulnerabilities, strengthen competitiveness, and incur stronger growth.