Morocco: Second Review Under the Arrangement Under the Precautionary and Liquidity Line(PLL)-Press Release; Staff Report; and Statement by the Executive Director for Morocco

September 8, 2017

Preview Citation

Format: Chicago

Morocco: Second Review Under the Arrangement Under the Precautionary and Liquidity Line(PLL)-Press Release; Staff Report; and Statement by the Executive Director for Morocco, (USA: International Monetary Fund, 2017) accessed December 22, 2024

Summary

This paper discusses Morocco’s Second Review Under the Arrangement Under the Precautionary and Liquidity Line (PLL). Growth prospects for 2017 have improved, but nonagricultural growth is subdued. The current account deficit is projected to decline and international reserves are at a comfortable level. The IMF staff assesses that Morocco continues to meet the PLL qualification criteria and performs strongly in four out of the five areas of PLL qualification (external, monetary, financial, and data), does not substantially underperform in the fifth area (fiscal). The IMF staff recommends the completion of the second review under the PLL arrangement.

Subject: Balance of payments, Credit, Current account deficits, External debt, External position, Imports, Money, Public debt

Keywords: Africa, CR, Credit, Current account deficits, Global, Government, Government program, IMF arrangement, ISCR, Maghreb, Morocco's Precautionary and Liquidity Line, PLL qualification criteria, Policy, Policy implementation, Reform

Publication Details

Pages:

42
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/264
Stock No:

1MAREA2017004
ISBN:

9781484317365
ISSN:

1934-7685

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