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  • International Monetary Fund. Middle East and Central Asia Dept.
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    This paper highlights Morocco’s Second Review Under the Precautionary and Liquidity Line. The IMF report analyzes that the 2012 fiscal outcome entailed a significant slippage from the authorities’ target and exposed vulnerabilities in the budget framework. Core inflation has remained low while the unemployment rate remained about 9 percent. After worsening in 2012, the current account has been improving in 2013, while reserves have stabilized at about four months of imports. Liquidity conditions have remained tight, and credit growth has continued to decelerate, driven by both supply and demand factors.

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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Staff Country Reports with number 13/302.

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    Length: 45
    Date of creation: 27 Sep 2013
    Date of revision:
    Handle: RePEc:imf:imfscr:13/302

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    Keywords: Precautionary and Liquidity Line; Fiscal policy; Fiscal consolidation; Fiscal reforms; Banking sector; Monetary policy; Economic indicators; Staff Reports; Press releases; Morocco; current account; external debt; current account deficit; budget law; debt sustainability; total external debt; public sector debt; current account balance; public debt; public external debt; foreign loans; external debt sustainability; debt dynamics; central bank; external shocks; external debt service; debt stock; balance of payments; public finances; public and publicly guaranteed; public and publicly guaranteed debt; long-term loans; external financing; domestic currency; government deficit; external borrowing; budget laws; short-term debt; repayments; debt sustainability analysis; debt ratios; current account balances; long-term debt; reserve asset; payment arrears; budget balance; public borrowing; government debt;

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