Morocco: 2006 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Morocco

November 21, 2006

Preview Citation

Format: Chicago

Morocco: 2006 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Morocco, (USA: International Monetary Fund, 2006) accessed November 23, 2024

Also available in: français

Summary

The macroeconomic environment is sound, with low inflation and a comfortable external position, although the fiscal position remains a concern for the medium term. The authorities have successfully privatized and liberalized the telecommunications, energy, and transportation sectors. Moreover, Morocco has significantly liberalized its trade regime and strengthened its financial sector. These reforms have enhanced the overall productivity of the economy and heightened its resilience to shocks. The medium-term outlook is favorable. The government debt-to-GDP ratio has declined steadily since the turn of the century.

Subject: Expenditure, External debt, Fiscal consolidation, Fiscal policy, Fiscal stance, Public debt

Keywords: CR, Fiscal consolidation, Fiscal consolidation strategy, Fiscal stance, GDP, Global, IMF staff representative, ISCR, Maghreb, Petroleum product, Price, Price level, Retail price, Staff appraisal, Strengthening of the revenue performance

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/413
Stock No:

1MAREA2006001
ISBN:

9781451824797
ISSN:

1934-7685

Notes

Also available online in French.

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