Morocco: Ex Post Evaluation of Exceptional Access Under the 2012 Precautionary and Liquidity Line Arrangement

August 6, 2015

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Morocco: Ex Post Evaluation of Exceptional Access Under the 2012 Precautionary and Liquidity Line Arrangement, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Summary

This paper discusses Morocco’s Ex Post Evaluation of Exceptional Access Under the 2012 Precautionary and Liquidity Line (PLL) Arrangement. The Ex Post Evaluation confirms that the 2012–14 PLL arrangement was consistent with the PLL qualification standards and requirements under the exceptional access policy at the time of the PLL arrangement request in August 2012 and at the subsequent reviews. The authorities’ policies helped maintain macroeconomic stability and reduce fiscal and external vulnerabilities, despite unfavorable external developments. It is observed that despite the significant macroeconomic achievements under the 2012–14 PLL arrangement, a number of policy challenges remained to be fully addressed.

Subject: Balance of payments, Current account deficits, Fiscal policy, Fiscal stance, Government debt management, International organization, Monetary policy, Oil prices, Prices, Public debt, Public financial management (PFM)

Keywords: Current account deficits, Draft central bank bank charter, Europe, Fiscal stance, Fund policy, Global, Government action, Government debt management, IMF Deputy managing director, Maghreb, Oil prices, PLL eligibility, PLL exit, Sub-Saharan Africa

Publication Details

Pages:

53
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/231
Stock No:

1MAREA2015005
ISBN:

9781513543741
ISSN:

1934-7685

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