1 Subjects: “...Financial soundness indicators...”

2 Subjects: “...Financial soundness indicators...”

3 “... and policy options can be drawn that have implications for the stable and sound development of Islamic...”

4 “... frameworks are sound. The country is implementing sound policies and remains committed to maintaining...”

5 “... and Liquidity Line (PLL). Morocco’s economic fundamentals and policy frameworks are sound, the country...”

6 “..., controlling for macroeconomic factors. It is found that interest spreads are affected by operation cost...”

7 “... Facility (ECF), was sound, with growth restored, large fiscal and external imbalances reduced, and buffers...”

8 “... the emerging fiscal deficits. The financing strategy should be underpinned by sound institutional and legal...”

9 “... capital accumulation, a sound business environment to attract investors and boost long-term productivity...”

10 “... and Liquidity Line (PLL). Morocco’s economic fundamentals and policy frameworks are sound. The country...”

11 “... (FX). The banking system is sound. The central bank (CBA) is improving the regulatory and supervisory...”

12 “... and economic statistics. Policy actions laid the foundation for a sound macroeconomic performance, although...”

13 “...Morocco’s sound economic performance has been challenged by domestic and external shocks...”

14 “... on labor, and reviews their effective burden, progressivity, and efficiency. These taxes are found to have...”

15 “... of the financial sector, financial inclusion, and a diversified economy. The financial sector remains sound...”

16 “... contained, and the financial sector has remained sound. Key external risks include lower trading partner...”

17 “... as revenues have declined. Reforms to place the loss-making energy sector on a sound financial footing...”

18 “... will not be met. Sound government policies—including implementation of a concerted policy framework to deal...”

19 “... been broadly sound. The IMF staff recommends completion of the fifth review and approval of the request...”

20 “... reforms are identified using the 2012 sound principles for effective supervision, issued by the Basel...”