IMF Staff Country Reports

Morocco: 2006 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Morocco

Publication Date:

November 21, 2006

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The macroeconomic environment is sound, with low inflation and a comfortable external position, although the fiscal position remains a concern for the medium term. The authorities have successfully privatized and liberalized the telecommunications, energy, and transportation sectors. Moreover, Morocco has significantly liberalized its trade regime and strengthened its financial sector. These reforms have enhanced the overall productivity of the economy and heightened its resilience to shocks. The medium-term outlook is favorable. The government debt-to-GDP ratio has declined steadily since the turn of the century.

Series:

Country Report No. 2006/413

Subject:

Expenditure External debt Fiscal consolidation Fiscal policy Fiscal stance Public debt

Notes:

Also available online in French.