Morocco: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Morocco

March 2, 2010

Preview Citation

Format: Chicago

Morocco: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Morocco, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Also available in: français

Summary

Morocco’s strong starting position, reflecting macroeconomic and structural reforms introduced over the last decade, has given the country greater room to maneuver in its policy response. The direct impact of the global crisis on Morocco has been limited, primarily affecting Morocco through real channels. Exports, tourism receipts, remittances, and foreign direct investment (FDI) have all declined primarily owing to the slowdown in Europe. In particular, Morocco has low public debt and low inflation, and the financial system is sound, with little exposure to international markets.

Subject: Credit, Current account, External debt, Fiscal policy, International trade, Money, Public debt, Trade balance

Keywords: BAM's Board, CR, Credit, Dirham exchange rate, Economy well, Europe, Exchange rate, Foreign currency, Global, ISCR, Maghreb, Money market rate, Morocco, Trade balance

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/058
Stock No:

1MAREA2010001
ISBN:

9781451948288
ISSN:

1934-7685

Notes

Also available in French.

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