IMF Staff Country Reports

Morocco: Staff Report for the 2003 Article IV Consultation

Publication Date:

May 28, 2003

Electronic Access:

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Summary:

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 despite a less favorable international environment, which was marked by a decline in tourism and external demand. Real GDP growth reached 4.5 percent reflecting a further rise in agricultural output and somewhat higher growth in the nonagricultural sectors.

Series:

Country Report No. 2003/141

Subject:

Expenditure External debt Fiscal policy Fiscal stance Privatization Public debt Tariffs Taxes