Morocco: 2013 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Morocco

Author: International Monetary Fund. Middle East and Central Asia Dept.

Volume/Issue: Volume 2014 Issue 065

Publication date: March 2014

ISBN: 9781484327999

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Topics covered in this book

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Banks and Banking , Exports and Imports , Labor , Money and Monetary Policy , Public Finance , ISCR , CR , exchange rate , government , IMF staff estimate , holding , government coalition , dirham exchange rate , authorities adjustment , deficit target , Credit , Current account , Loans , Employment , Europe , Global , Maghreb

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Summary

This paper discusses Morocco’s 2013 Article IV Consultation on economic developments and policies. The IMF report highlights that despite unfavorable external and domestic environment Morocco’s economic performance has improved during 2013. The Morocco’s economy remains vulnerable to international conditions and a difficult regional environment. It focuses on the importance of giving more flexibility in the exchange rate regime that intends to support competitiveness, enhance the capacity of the economy to absorb shocks, and support the authorities’ strategy for diversifying external flows away from Europe.