Morocco : 2012 Article IV consultation and first review under the two-year precautionary and liquidity line, staff report, public information notice and press release on the Executive Board discussion, and statement by the Executive Director for Morocco.

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, ©2013.
Description:	1 online resource (68 pages).
Language:	English
Series:	IMF country report ; no. 13/96 IMF country report ; no. 13/96.
Subject:	International Monetary Fund -- Morocco. International Monetary Fund. Economic development -- Morocco. Fiscal policy -- Morocco. Economic indicators -- Morocco. Economic development. Economic indicators. Fiscal policy. Morocco.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12501806

Hidden Bibliographic Details
Varying Form of Title:	Title from p. 2 of pdf: Morocco, staff report for the 2012 Article IV consultation and first review under the two-year precautionary and liquidity line
Other authors / contributors:	International Monetary Fund.
ISBN:	1484371909 9781484371909
ISSN:	2227-8907
Notes:	Title from PDF title page (IMF Web site, viewed Apr. 8, 2013). "April 2013"--Page 2 of pdf. "January 17, 2013"--Page 2 of pdf. Includes bibliographical references.
Summary:	Morocco's sound economic performance has been challenged by domestic and external shocks. The Precautionary and Liquidity Line (PLL) program is on track, and its design remains adequate. The fiscal consolidation and efforts to rebuild buffers and address medium-term challenges taken up by the government has been commended. Reforms of both the subsidy system and the pension system are required. There is a need to strengthen competitiveness and better equip the economy to respond to external shocks. Efforts are under way to continue strengthening regulation and supervision while fostering the development of the financial sector.
Standard no.:	10.5089/9781484371909.002

Table of Contents:

Cover; CONTENTS; CONTEXT; RECENT DEVELOPMENTS, OUTLOOK, AND RISKS; MAIN CHALLENGES AND POLICY DISCUSSIONS; A. Rebuilding Fiscal Buffers, Ensuring Medium-Term Fiscal Sustainability; BOXES; 1. The Pension System; B. Rebuilding External Buffers, Strengthening Competitiveness; 2. External Balance Assessment; C. Fostering Higher and More Inclusive Growth; D. Maintaining Adequate Monetary Conditions and Preserving the Stability of the Financial Sector; PROGRAM-SPECIFIC ISSUES; STAFF APPRAISAL; FIGURES; 1. Real and External Developments; 2. Fiscal and Financial Market Developments; TABLES.
1. Selected Economic Indicators, 2010-182. Budgetary Central Government Finance (Billions of Dirhams), 2010-18; 3. Budgetary Central Government Finance (Percent of GDP), 2010-18; 4. Budgetary Central Government Balance Sheet, 2010-18; 5. Balance of Payments, 2010-18; 6. Monetary Survey, 2010-13; 7. Financial Soundness Indicators of the Banking Sector, 2005-June 2012; 8. Public Sector Debt Sustainability Framework, 2007-17; 3. Public Debt Sustainability: Bound Tests; 9. External Debt Sustainability Framework, 2007-17; 4. External Debt Sustainability: Bound Tests.
10. Capacity to Repay Indicators, 2012-18ANNEX; Fiscal Decentralization; APPENDIX; Written Communication; CONTENTS; RELATIONS WITH THE FUND; RELATIONS WITH THE WORLD BANK GROUP; STATISTICAL ISSUES.

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