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  • International Monetary Fund. Middle East and Central Asia Dept.
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    Morocco’s sound economic performance has been challenged by domestic and external shocks. The Precautionary and Liquidity Line (PLL) program is on track, and its design remains adequate. The fiscal consolidation and efforts to rebuild buffers and address medium-term challenges taken up by the government has been commended. Reforms of both the subsidy system and the pension system are required. There is a need to strengthen competitiveness and better equip the economy to respond to external shocks. Efforts are under way to continue strengthening regulation and supervision while fostering the development of the financial sector.

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    Paper provided by International Monetary Fund in its series IMF Staff Country Reports with number 13/96.

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    Length: 68
    Date of creation: 05 Apr 2013
    Date of revision:
    Handle: RePEc:imf:imfscr:13/96

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    Keywords: Article IV consultation reports; External shocks; Fiscal policy; Fiscal consolidation; Fiscal reforms; Financial sector; Banks; Monetary policy; Economic indicators; Staff Reports; Public information notices; Press releases; Precautionary and Liquidity Line; Morocco; current account; external debt; debt sustainability; current account deficit; public debt; central bank; public sector debt; total external debt; debt service; current account balance; balance of payments; public finances; public external debt; external debt sustainability; debt stock; debt dynamics; foreign loans; government debt; budgetary central government; external debt service; fiscal sustainability; public and publicly guaranteed debt; short-term debt; liquidity injections; sovereign bond; domestic currency; debt sustainability analysis; long-term loans; public and publicly guaranteed; external funding; liquidity crises; repayments; external financing; reserve asset; domestic debt; medium-term fiscal sustainability; government deficit; debt ratio; current account deficits; public finance; long-term debt; budget balance; fiscal decentralization; payment arrears; budget law;

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