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

March 12, 2018

Preview Citation

Format: Chicago

Morocco: Third 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, 2018) accessed December 26, 2024

Summary

This paper discusses Morocco’s Third Review Under the Arrangement Under the Precautionary and Liquidity Line (PLL). Morocco’s economic fundamentals and policy frameworks are sound, the country is implementing generally sound policies, and remains committed to maintaining such policies in the future. End-September 2017 quantitative indicative targets on the fiscal deficit and international reserves were met. The authorities have not drawn on the arrangement and continue to treat it as precautionary. Morocco also meets the PLL qualification criteria, performs strongly in three out of the five PLL qualification areas (monetary, financial, and data), and does not substantially underperform in the fiscal policy, and external position and market access areas.

Subject: Credit, Exchange rate flexibility, External debt, External position, Fiscal policy, Money, Public debt

Keywords: Africa, CR, Credit, Dirham fluctuation band, Europe, Fluctuation band, Global, ISCR, Maghreb, Market, Market activity, Reform implementation, Staff appraisal, Staff assessment

Publication Details

Pages:

37
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/058
Stock No:

1MAREA2018001
ISBN:

9781484344903
ISSN:

1934-7685

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