Showing 1 - 10 of 12
Macroeconomic conditions deteriorated in 2012. Growth slowed to 2.7 percent from 5 percent in 2011. Both the external and fiscal deficits widened significantly, to 10 percent and 7.6 percent of GDP, respectively. The 2012 fiscal outcome entailed a significant slippage from the authorities’...
Persistent link: https://www.econbiz.de/10014394633
Morocco has made substantial progress in increasing inclusive growth over the past decade, but additional efforts in … strengthening inclusiveness remains a priority. This paper describes the fuel subsidy system in Morocco, introduces an organizing … to the case of Morocco …
Persistent link: https://www.econbiz.de/10014395219
Morocco’s sound economic performance has been challenged by domestic and external shocks. The Precautionary and …
Persistent link: https://www.econbiz.de/10014395273
Climate change is both a major threat and a source of opportunities for Morocco's development. On one hand, Morocco is … shift in consumption behavior. On the other hand, Morocco can take advantage of its abundant competitive renewable energy … could reduce Morocco´s reliance on imported fuels, help Moroccan firms' competitiveness in neighboring markets that are …
Persistent link: https://www.econbiz.de/10015058982
This paper presents Morocco's Request for an Arrangement under the Flexible Credit Line (FCL). Morocco qualifies for … Ukraine would lower external demand, increase commodity price volatility, and tighten external financial conditions. Morocco … Russia's war in Ukraine. The arrangement will enhance Morocco's external buffers and provide insurance against plausible tail …
Persistent link: https://www.econbiz.de/10015059491
The Moroccan economy once again showed resilience to negative shocks in 2023, as economic activity accelerated, inflation slowed, and the current account deficit narrowed despite headwinds from water scarcity (which caused a severe loss of jobs in the agricultural sector), the September 2023...
Persistent link: https://www.econbiz.de/10015058472
toll on Morocco's economy in 2022, despite the authorities' very strong policy response. Despite the increase in current … monetary policy space and high uncertainty call for accelerating structural reforms to strengthen the resilience of Morocco … demand and increase Morocco's growth potential over the medium term. Important steps have been made toward expanding social …
Persistent link: https://www.econbiz.de/10015059769
KEY ISSUES Context: Despite an unfavorable external and domestic environment, economic performance improved in 2013 after a difficult 2012. The European crisis led to a deceleration of activity in the nonprimary sector, but GDP growth is expected to reach about 4.5 percent owing to a bumper...
Persistent link: https://www.econbiz.de/10014411135
inclusive growth. The program remains broadly on track, and Morocco continues to meet the PLL qualification criteria. Both the … comfortable margin. Morocco continues to perform strongly in three out of the five areas in which PLL qualification is assessed …
Persistent link: https://www.econbiz.de/10014411136
This paper discusses Morocco’s First Review Under the Arrangement Under the Precautionary and Liquidity Line (PLL …). Significant progress was made in implementing the reform agenda. The program remains broadly on track, and Morocco continues to …
Persistent link: https://www.econbiz.de/10014412053