Morocco: First Review Under the Arrangement Under the Precautionary And Liquidity Line

International Monetary Fund

No 2015/044, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Morocco’s First Review Under the Arrangement Under the Precautionary and Liquidity Line (PLL). Significant progress was made in implementing the reform agenda. The program remains broadly on track, and Morocco continues to meet the qualification criteria for a PLL. The fiscal end-September indicative target was missed by 0.7 percent of GDP. Subject to the Executive Board’s positive assessment in the context of the 2014 Article IV consultation, the IMF staff recommends the completion of the first review under the PLL arrangement.

Keywords: ISCR; CR; GDP; deficit; IMF Deputy managing director; policy; monetary policy; price hike; market access; adjustment plan; interest margin-commission; PLL criteria; accounts payable; Morocco's market access; Credit; Loans; Oil prices; Global; Sub-Saharan Africa; Europe (search for similar items in EconPapers)
Pages: 33
Date: 2015-02-23
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