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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
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
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
The Bank Al-Maghrib (BAM) has implemented expanded and comprehensive transparency practices in a number of areas, notably related to the primary mandate of price stability and the shared mandate of financial stability. This reflects the BAM's public commitment to transparency anchored in the new...
Persistent link: https://www.econbiz.de/10015059882
This Selected Issues paper analyzes the surprising strength of remittances in Bangladesh and other countries in South Asia and the Philippines in 2009. The empirical analysis suggests that the continued strong growth of remittances in these countries is related to the resilience of non-oil GDP...
Persistent link: https://www.econbiz.de/10011245440
This 2014 Article IV Consultation highlights that Morocco has made important strides in maintaining macroeconomic …
Persistent link: https://www.econbiz.de/10011244207
This paper reviews Morocco’s Third Review Under the Two Year Precautionary and Liquidity Line (PLL). The PLL aims to provide insurance against external risks while supporting the authorities program aimed at reducing fiscal and external vulnerabilities and increasing higher growth. The...
Persistent link: https://www.econbiz.de/10011244288
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...
Persistent link: https://www.econbiz.de/10011244993
This paper discusses Morocco’s 2013 Article IV Consultation on economic developments and policies. The IMF report highlights that despite unfavorable external and domestic environment Morocco’s economic performance has improved during 2013. The Morocco’s economy remains...
Persistent link: https://www.econbiz.de/10011245081