Morocco: First Review Under the Arrangement Under the Precautionary And Liquidity Line
IMF Staff Country Reports, February 23, 2015
Source details
- Canonical URL
- Morocco: First Review Under the Arrangement Under the Precautionary And Liquidity Line
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Bibliographic details
- Published: February 23, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498316552.002
Executive summary
- Significant progress was made in implementing the reform agenda.
- The program remains broadly on track.
- Morocco continues to meet the qualification criteria for a PLL.
- The fiscal end-September indicative target was missed by 0.7 percent of GDP.
- Subject to the Executive Board’s positive assessment in the context of the 2014 Article IV consultation, IMF staff recommends completion of the first review under the PLL arrangement.
Key findings and assessment
- Implementation: Significant progress reported in implementing the reform agenda.
- Program status: Broadly on track.
- PLL qualification: Morocco continues to meet the PLL qualification criteria.
- Fiscal performance: The fiscal end-September indicative target was missed by 0.7 percent of GDP.
- Policy action: IMF staff recommends completion of the first review under the PLL arrangement, conditional on the Executive Board’s positive assessment tied to the 2014 Article IV consultation.
Subjects and keywords (as listed)
- Subjects: Credit, External debt, Financial institutions, Loans, Money, Oil prices, Prices, Public debt
- Keywords: accounts payable, adjustment plan, CR, Credit, deficit, Europe, GDP, Global, IMF Deputy managing director, interest margin-commission, ISCR, Loans, market access, monetary policy, Morocco's market access, Oil prices, PLL criteria, policy, price hike, Sub-Saharan Africa