IMF Staff Country Reports

Morocco

May 1, 2024

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Morocco, (USA: International Monetary Fund, 2024) accessed November 21, 2024

Summary

The Moroccan economy once again showed resilience to negative shocks in 2023, as economic activity accelerated, inflation slowed, and the current account deficit narrowed despite headwinds from water scarcity (which caused a severe loss of jobs in the agricultural sector), the September 2023 earthquake, and lower growth in the Euro Area. The ambitious infrastructure plan announced by the authorities (including in water and energy sectors) is expected to boost investment and growth in the next few years, with the current account gradually converging towards the medium-term norm. The fiscal deficit in 2023 was below the level projected in the Budget and the authorities reiterated their commitment to a gradual fiscal consolidation over the next three years. Implementation of the structural reform agenda has continued, particularly regarding the overhaul of social protection, health care, and education systems.

Subject: Agricultural sector, Central Bank digital currencies, Economic sectors, Inflation, International organization, Monetary policy, Prices, Public debt, Technology

Keywords: Accounts payable, Africa, Agricultural sector, Central Bank digital currencies, Climate finance strategy, Fcl agreement, General government debt, Global, Inflation, Investment project, Maghreb, Resilience of the economy, RSF arrangement, RSF reform, RSF review, Sub-Saharan Africa

Publication Details

  • Pages:

    97

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2024/099

  • Stock No:

    1MAREA2024001

  • ISBN:

    9798400273551

  • ISSN:

    1934-7685

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