IDEAS home Printed from https://ideas.repec.org/p/imf/imfscr/2024-099.html
   My bibliography  Save this paper

Morocco: 2024 Article IV Consultation, Review Under the Flexible Credit Line Arrangement, First Review Under the Resilience and Sustainability Arrangement, and Rephasing of Access Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Morocco

Author

Listed:
  • International Monetary Fund

Abstract

This paper presents Morocco’s 2024 Article IV Consultation, Review under the Flexible Credit Line Arrangement, First Review under the Resilience and Sustainability Arrangement, and Rephasing of Access under the Resilience and Sustainability Facility. The discussions focused on the policies needed to secure the recent decline of inflation and advance with fiscal consolidation while financing the structural reforms needed to ensure that economic growth creates more jobs and becomes more inclusive. The Moroccan economy continued to show resilience to negative shocks. Inflation fell over the course of 2023, mainly as the impact of supply shocks faded. The current account deficit narrowed significantly. The central government fiscal deficit improved more than envisaged in the 2023 Budget. The 2023 overall deficit closed at 4.4 percent of gross domestic product (GDP), about 0.5 percent of GDP less than projected in the 2023 Budget. The implementation of the announced structural reform agenda has continued.

Suggested Citation

  • International Monetary Fund, 2024. "Morocco: 2024 Article IV Consultation, Review Under the Flexible Credit Line Arrangement, First Review Under the Resilience and Sustainability Arrangement, and Rephasing of Access Under the Resilience," IMF Staff Country Reports 2024/099, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2024/099
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=548442
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfscr:2024/099. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.