Morocco: 2018 Request for an Arrangement Under the Precautionary and Liquidity Line-Press Release; Staff Report; and Statement by the Executive Director for Morocco

International Monetary Fund

No 2019/024, IMF Staff Country Reports from International Monetary Fund

Abstract: Following the expiration of the third Precautionary and Liquidity Line (PLL) arrangement, in July 2018, the authorities have requested a new PLL arrangement. They did not draw on the last three arrangements and have made further progress in reducing domestic vulnerabilities in recent years, despite a sharp pick up in oil prices. In an external environment that remains subject to important downside risks, a successor arrangement will support the authorities’ policies to strengthen the economy’s resilience and promote higher and more inclusive growth.

Keywords: ISCR; CR; successor Precautionary and Liquidity Line; SDR; IMF Deputy managing director; authority; PLL; health insurance program; PLL eligibility; administration reform; reform effort; current account; Oil prices; Current account; Global; Middle East; IMF's transparency policy; IMF arrangement; Maghreb (search for similar items in EconPapers)
Pages: 68
Date: 2019-01-24
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