This Selected Issues paper on Morocco analyzes Morocco’s growth performance over the past thirty-five years with a special focus on the more recent past. The paper presents stylized trends in growth; it first puts the overall growth performance of Morocco in an international perspective,...

This 2004 Article IV Consultation highlights that Morocco’s macroeconomic conditions remained strong in 2003. Growth increased to 5.5 percent because of an exceptionally good cereal production, while non-agricultural growth showed signs of revival. Inflation was below 2 percent and the...

Morocco’s strong starting position, reflecting macroeconomic and structural reforms introduced over the last decade, has given the country greater room to maneuver in its policy response. The direct impact of the global crisis on Morocco has been limited, primarily affecting Morocco through...

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country

This 2003 Article IV Consultation highlights that Morocco’s growth performance over the last decade has not been strong enough to reduce poverty. Growth has also been volatile because of the impact of recurrent drought conditions on agricultural output. Economic conditions improved in 2002...

This report evaluates Morocco’s fiscal transparency practices and assesses compliance with the IMF’s Code of Good Practices on Fiscal Transparency. Morocco’s fiscal management system, which remains highly centralized, is essentially reliable and supported by legal safeguards, and adequate...

Morocco has been able to establish macroeconomic stability and industrial country levels of inflation, despite adverse weather conditions and terms-of-trade developments. Executive Directors welcomed these developments, and stressed the need to reduce unemployment and poverty. They appreciated...

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...

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country

Contents include: basic data and social demographic indicators, 1971-95. Liberalizing the economy -- structural reform issues: reform of the fiscal system; public enterprise reform and increased scope for private sector activity; price liberalization and reform of consumer subsidies;...