Morocco: 2006 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Morocco
Volume/Issue:
Volume 2006
Issue 413
Publication date: November 2006
ISBN: 9781451824797
$18.00
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Topics covered in this book
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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , Industries - Hospitality Travel and Tourism , ISCR , CR , staff appraisal , petroleum product , GDP , retail price , price , price level , IMF staff representative , strengthening of the revenue performance , fiscal consolidation strategy , Fiscal consolidation , Fiscal stance , Maghreb , Global
Summary
The macroeconomic environment is sound, with low inflation and a comfortable external position, although the fiscal position remains a concern for the medium term. The authorities have successfully privatized and liberalized the telecommunications, energy, and transportation sectors. Moreover, Morocco has significantly liberalized its trade regime and strengthened its financial sector. These reforms have enhanced the overall productivity of the economy and heightened its resilience to shocks. The medium-term outlook is favorable. The government debt-to-GDP ratio has declined steadily since the turn of the century.
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