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Morocco :, Second Review under the Precautionary and Liquidity Line

This paper highlights Morocco’s Second Review Under the Precautionary and Liquidity Line. The IMF report analyzes that the 2012 fiscal outcome entailed a significant slippage from the authorities’ target and exposed vulnerabilities in the budget framework. Core inflation has remained low while the unemployment rate remained about 9 percent. After worsening in 2012, the current account has been improving in 2013, while reserves have stabilized at about four months of imports. Liquidity conditions have remained tight, and credit growth has continued to decelerate, driven by both supply and demand factors
Table Of Contents
Cover; CONTENTS; INTRODUCTION; RECENT DEVELOPMENTS; BOX; 1. 2012 Fiscal Overruns; FIGURES; 1. Real and External Developments; 2. Fiscal and Financial Market Developments; OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Fiscal Policy; B. External Sector; PLL QUALIFICATION AND PROGRAM MODALITIES; STAFF APPRAISAL; TABLES; 1. Selected Economic Indicators, 2011-18; 2. Budgetary Central Government Finance, 2011-18 (billions of dirhams); 3. Budgetary Central Government Finance, 2011-18 (percent of GDP); 4. Budgetary Central Government Balance Sheet, 2011-18; 5. Balance of Payments, 2011-18
Literary Form
non fiction
"September 2013."
Physical Description
1 online resource (46 p.)
Specific Material Designation
Form Of Item

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