Morocco

This consultation paper explains that several years of sound macroeconomic policies and political reforms have left Morocco well equipped to address the 2008 international crisis and to respond to pressing social demands. In this challenging environment, Morocco has performed well economically and h...

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Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2011, 2011
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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520 |a This consultation paper explains that several years of sound macroeconomic policies and political reforms have left Morocco well equipped to address the 2008 international crisis and to respond to pressing social demands. In this challenging environment, Morocco has performed well economically and has seen its social indicators improve. It is stressed that containing and reorienting public expenditure, particularly by reforming the generalized subsidies system, will be the key to ensuring medium-term fiscal sustainability. A well-targeted subsidy system would be less costly and would better support the neediest segment of the population