Morocco : Request for an Arrangement Under the Precautionary and Liquidity Line: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Morocco.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2012/239

IMF country report ; no. 12/239

IMF Staff Country Reports

Language:

English

Subjects (All):

Economic development--Morocco.

Economic development.

Morocco--Economic policy.

Morocco.

Physical Description:

1 online resource (63 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Summary:

Morocco’s track record of sound economic policies helped it withstand the recent economic crisis and regional social events. High oil prices have contributed to a build-up of fiscal and external pressures, but the government has taken action to address these vulnerabilities and are committed to continuing implementation of sound policies. Morocco has sound economic fundamentals and institutional policy frameworks, and performs strongly on three of the five Precautionary and Liquidity Line (PLL) qualification areas. A precautionary arrangement would support the policies by providing a financing buffer against exogenous shocks.

Contents:

Cover; Contents; Executive Summary; I. Recent Economic and Political Developments; Figures; 1. Real and External Developments; 2. Monetary and Financial Sector Developments; 3. Fiscal and Financial Market Developments; II. Macroeconomic Outlook and Authorities' Policies; A. Growth, Employment, and Inflation Outlook; B. External Sector Outlook; Boxes; 1. Planned Structural Reforms to Increase Potential Growth in the Medium Term; C. Monetary and Exchange Rate Policies; D. Financial Sector Policies; E. Fiscal Policy; III. Risks to the Outlook; IV. Precautionary and Liquidity Line; A. Role of PLL

2. Morocco's Social Protection System3. Inclusive Growth in Morocco; 4. Selected Indicators of Inclusive Growth, 1990-2009; 4. Advanced Economy Trading Partners; B. Qualification Criteria; C. Access; D. Modalities; E. Exit; 5. Access Level; 6. Exceptional Access Criteria; V. Impact on Fund Finances, Risks and Safeguards; VI. Staff Appraisal; 5. Public Debt Sustainability: Bound Tests; 6. External Debt Sustainability: Bound Tests; 7. Public Sector, 2006-11; 8. External Sector, 2006-11; 9. Reserve Coverage in International Perspective, 2011; 10. Monetary and Financial Sector, 2006-11; Tables

1. Selected Economic Indicators, 2010-172. Central Government Finance, in Millions of Dirahms, 2010-17; 3. Central Government Finance, in Percent of GDP, 2010-17; 4. Central Government Balance Sheet, 2010-17; 5. Central Government Finance: Monthly Projections, in Millions of Dirhams, 2012; 6. Central Government Finance: Monthly Projection, in Percent of Annual GDP, 2012; 7. Balance of Payments, 2010-17; 8. Monetary Survey, 2010-13; 9. Financial Soundness Indicators of the Banking Sector, 2005-11; 10. Public Sector Debt Sustainability Framework, 2007-17

11. External Debt Sustainability Framework, 2007-1712. Proposed Access; 13. External Financing Requirements; 14. Indicators of Fund Credit, 2012-17; Attachments; I. Written Communication; II. Technical Appendix

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781475550405

1475550405

9781475565492

1475565496

OCLC:

876511553