Morocco: Staff Report for the 2004 Article IV Consultation

Volume/Issue: Volume 2004 Issue 162

Publication date: June 2004

ISBN: 9781451824698

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , state , regime , debt , liberalization , authorities' plan , government share , government coalition , debt ratio , authorities' effort , government debt to GDP ratio , Moroccan authorities , privatization program , authorities' intention , GDP deflator , privatization revenue , Privatization , Exchange rate flexibility , Maghreb

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Summary

This 2004 Article IV Consultation highlights that Morocco’s macroeconomic conditions remained strong in 2003. Growth increased to 5.5 percent because of an exceptionally good cereal production, while non-agricultural growth showed signs of revival. Inflation was below 2 percent and the external position strengthened further. External reserves reached the equivalent of 10 months of imports of goods and services and covered the totality of external public and publicly guaranteed debt. Macroeconomic conditions are projected to remain broadly unchanged in 2004.