Morocco: 2008 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice; and Statement by the Executive Director for Morocco

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 304

Publication date: September 2008

ISBN: 9781451824810

$18.00

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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 , Inflation , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , ISCR , CR , year-on-year consumer price inflation , nonfood inflation , consumer price , staff appraisal , cooking gas , Bank Al-Maghrib , Inflation , Credit , Financial sector , Global , Maghreb , Middle East , East Africa , Central Africa

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Summary

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.