Morocco: Staff Report for the 2014 Article IV Consultation

February 23, 2015

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Morocco: Staff Report for the 2014 Article IV Consultation, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Also available in: français

Summary

This 2014 Article IV Consultation highlights that Morocco has made important strides in maintaining macroeconomic stability in a difficult environment, but challenges remain to reduce fiscal and external vulnerabilities, strengthen growth, create jobs, and tackle poverty. Growth slowed in 2014 as a result of a contraction in agricultural activity following an exceptional 2013 crop and weak demand from Europe. However, growth is expected to rebound in 2015 to about 4.4 percent and remain robust in the medium term as external demand and domestic confidence strengthen. Executive Directors have commended the authorities for their strong policy actions, which have reduced economic vulnerabilities.

Subject: Banking, Credit, Financial institutions, Government debt management, Loans, Money, Oil prices, Prices, Public debt, Public financial management (PFM)

Keywords: CR, Credit, Dirham exchange rate, Europe, Financial asset, GDP, Global, Government debt management, IMF staff estimate, ISCR, Loans, Maghreb, Middle East, Monetary policy, Morocco's economy, Oil prices, Policy, Preserve competitiveness, Sub-Saharan Africa, TA mission MCM exchange rate

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/043
Stock No:

1MAREA2015001
ISBN:

9781498381642
ISSN:

1934-7685

Notes

Also available in French

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