Morocco: Request for an Arrangement Under the Precautionary and Liquidity Line: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Morocco.

August 13, 2012

Preview Citation

Format: Chicago

Morocco: Request for an Arrangement Under the Precautionary and Liquidity Line: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Morocco., (USA: International Monetary Fund, 2012) accessed December 24, 2024

Also available in: français

Summary

Morocco’s track record of sound economic policies helped it withstand the recent economic crisis and regional social events. High oil prices have contributed to a build-up of fiscal and external pressures, but the government has taken action to address these vulnerabilities and are committed to continuing implementation of sound policies. Morocco has sound economic fundamentals and institutional policy frameworks, and performs strongly on three of the five Precautionary and Liquidity Line (PLL) qualification areas. A precautionary arrangement would support the policies by providing a financing buffer against exogenous shocks.

Subject: Balance of payments, Current account deficits, Government debt management, Inflation, Oil prices, Prices, Public debt, Public financial management (PFM)

Keywords: CR, Current account deficits, Europe, Global, Government, Government debt management, Inflation, ISCR, Line, Liquidity line, Liquidity needs, Oil prices, Price, Reform agenda, Subsidy reform, Track record

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/239
Stock No:

1MAREA2012001
ISBN:

9781475506174
ISSN:

1934-7685

Notes

Also available in French

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