Morocco: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Morocco

International Monetary Fund

No 2010/058, IMF Staff Country Reports from International Monetary Fund

Abstract: Morocco’s strong starting position, reflecting macroeconomic and structural reforms introduced over the last decade, has given the country greater room to maneuver in its policy response. The direct impact of the global crisis on Morocco has been limited, primarily affecting Morocco through real channels. Exports, tourism receipts, remittances, and foreign direct investment (FDI) have all declined primarily owing to the slowdown in Europe. In particular, Morocco has low public debt and low inflation, and the financial system is sound, with little exposure to international markets.

Keywords: ISCR; CR; exchange rate; dirham exchange rate; Morocco; money market rate; BAM's Board; economy well; foreign currency; Credit; Trade balance; Global; Europe; Maghreb (search for similar items in EconPapers)
Pages: 47
Date: 2010-03-02
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