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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 u...

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Bibliographic Details
Corporate Author: International Monetary Fund Middle East and Central Asia Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2013
Series:IMF Staff Country Reports
Subjects:
Inflation
Credit
Public Debt
Short-term Capital Movements
Public Finance & Taxation
Government Debt Management
Monetary Economics
Deflation
Current Account Adjustment
Debt Management
Debts, Public
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Balance Of Payments
Debt
Exports And Imports
International Economics
International Lending And Debt Problems
Debts, External
External Debt
Money
Sovereign Debt
Price Level
Economic Growth
Prices
Macroeconomics
Public Financial Management (pfm)
Public Finance
Money And Monetary Policy
Current Account Deficits
Morocco
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:45 pages
ISBN:9781484387986

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