Morocco: Request for an Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Morocco

The Moroccan economy showed remarkable resilience to recent shocks, although a succession of droughts severely curtailed agricultural production and pushed unemployment to historical highs. Morocco's very strong institutional and policy framework has been effective in addressing these shocks, with well-calibrated fiscal, monetary, and financial policies. The authorities continue to implement their ambitious structural reform agenda, towards a more resilient, greener, inclusive, private sector-led growth, and further strengthening their institutional policy frameworks. The authorities remain fully committed to maintaining very strong policies and policy frameworks.