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
IMF Staff Country Reports, March 12, 2018
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- 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
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Bibliographic details
- Published: March 12, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484344903.002
Main findings and assessment
- 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.
- The authorities have not drawn on the arrangement and continue to treat it as precautionary.
Quantitative targets and performance
- End-September 2017 quantitative indicative targets on the fiscal deficit and international reserves were met.
PLL qualification and area-specific performance
- Morocco meets the PLL qualification criteria.
- Performance by PLL qualification area:
- Performs strongly in three out of the five PLL qualification areas: monetary, financial, and data.
- Does not substantially underperform in the fiscal policy, and external position and market access areas.
Subject coverage and keywords (as presented)
- Subjects: 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.
Source: 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
Content in this bundle
- Country Report