The Report Morocco 2014
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The Report Morocco 2014
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Author : Oxford Business Group
language : en
Publisher: Oxford Business Group
Release Date : 2014-06-17
The Report Morocco 2014 written by Oxford Business Group and has been published by Oxford Business Group this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-17 with Morocco categories.
The only monarchy in North Africa, Morocco has one of the more diversified GDP mixes in the region, and the mainstays of the economy include agriculture, tourism, and the textiles industry; higher-end manufacturing, IT and communications, and outsourcing are also all becoming increasingly important. The past few years have seen some significant changes, yet the kingdom has remained stable, even amidst the broader regional turmoil. After 2.7% growth in 2012, economic activity in Morocco ramped up in 2013, increasing by 4.4% as GDP hit Dh864.6bn (€76.8bn), driven in large part by the agricultural sector. The kingdom faces exogenous challenges – such as low external demand and high commodity prices – as well as domestic complications including a fiscal deficit and unemployment, but following the government reshuffle in mid-2013, the prospects look far more positive. With the 2014 budget setting a more dynamic tone as the government takes steps to redress key fiscal imbalances, there are strong indicators pointing to the economy’s ability to continue to grow.
Morocco
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Author : International Monetary Fund. Middle East and Central Asia Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2015-02-23
Morocco written by International Monetary Fund. Middle East and Central Asia Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-23 with Business & Economics categories.
This 2014 Article IV Consultation highlights that Morocco has made important strides in maintaining macroeconomic stability in a difficult environment, but challenges remain to reduce fiscal and external vulnerabilities, strengthen growth, create jobs, and tackle poverty. Growth slowed in 2014 as a result of a contraction in agricultural activity following an exceptional 2013 crop and weak demand from Europe. However, growth is expected to rebound in 2015 to about 4.4 percent and remain robust in the medium term as external demand and domestic confidence strengthen. Executive Directors have commended the authorities for their strong policy actions, which have reduced economic vulnerabilities.
Morocco
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Author : International Monetary Fund. Middle East and Central Asia Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2015-02-23
Morocco written by International Monetary Fund. Middle East and Central Asia Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-23 with Business & Economics categories.
This 2014 Article IV Consultation highlights that Morocco has made important strides in maintaining macroeconomic stability in a difficult environment, but challenges remain to reduce fiscal and external vulnerabilities, strengthen growth, create jobs, and tackle poverty. Growth slowed in 2014 as a result of a contraction in agricultural activity following an exceptional 2013 crop and weak demand from Europe. However, growth is expected to rebound in 2015 to about 4.4 percent and remain robust in the medium term as external demand and domestic confidence strengthen. Executive Directors have commended the authorities for their strong policy actions, which have reduced economic vulnerabilities.
Morocco
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Author : International Monetary Fund. Middle East and Central Asia Dept.
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2015-02-23
Morocco written by International Monetary Fund. Middle East and Central Asia Dept. and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-23 with Business & Economics categories.
This 2014 Article IV Consultation highlights that Morocco has made important strides in maintaining macroeconomic stability in a difficult environment, but challenges remain to reduce fiscal and external vulnerabilities, strengthen growth, create jobs, and tackle poverty. Growth slowed in 2014 as a result of a contraction in agricultural activity following an exceptional 2013 crop and weak demand from Europe. However, growth is expected to rebound in 2015 to about 4.4 percent and remain robust in the medium term as external demand and domestic confidence strengthen. Executive Directors have commended the authorities for their strong policy actions, which have reduced economic vulnerabilities.
Morocco
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Author : International Monetary Fund
language : en
Publisher:
Release Date : 2015
Morocco written by International Monetary Fund and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Morocco categories.
Morocco
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Author : International Monetary Fund. Middle East and Central Asia Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2017-09-08
Morocco written by International Monetary Fund. Middle East and Central Asia Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-08 with Business & Economics categories.
This paper discusses Morocco’s Ex Post Evaluation of Exceptional Access Under the 2014 Precautionary and Liquidity Line (PLL) Arrangement. The case of Morocco demonstrated that with strong ownership, parsimonious conditionality can be effective in delivering on program commitments. The PLL arrangement with Morocco was successful in helping to reduce vulnerabilities. Fiscal balances improved, and the fiscal objective—a gradual reduction of the budget deficit to 3 percent of GDP by 2017—appropriately balanced the need to bring the debt-to-GDP ratio down closer to 60 percent in the medium term, while allowing for necessary investment and social spending. Going forward, to achieve higher and more inclusive growth, Morocco will require continued strong policies and accelerated fiscal and structural reforms.
Annual Report
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Author :
language : en
Publisher:
Release Date : 2015
Annual Report written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Banks and banking, Central categories.
Since 1959, the publication of the annual report of Bank Al Maghrib (BAM) has become an important appointment for the Moroccan economy in all its perspectives. Because of its independence, the Institute does not hesitate to have, without complacency, through this paper, a critical look at the conditions of the economic policy of the country, its monetary policy and the economic and social conditions of citizens. The Governor of Bank Al Maghrib, the high officer of the central bank of Morocco, presents the report at the end of each fiscal year to the King of Morocco in an official session attended by the members of the government and the press. This annual report consists the basis of government policies in the management of the national economy.
The Report Morocco 2011
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Author :
language : en
Publisher: Oxford Business Group
Release Date : 2010
The Report Morocco 2011 written by and has been published by Oxford Business Group this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Morocco
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Author : International Monetary Fund. Middle East and Central Asia Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2015-07-30
Morocco written by International Monetary Fund. Middle East and Central Asia Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-07-30 with Business & Economics categories.
EXECUTIVE SUMMARY The economy is recovering and the outlook is favorable but still subject to significant risks. After slowing to below 21⁄2 percent in 2014, growth is expected to be close to 5 percent in 2015, boosted by a strong agricultural output and a gradual acceleration of activity in other sectors. Fiscal policy is on track to achieve the annual deficit objective of 4.3 percent of GDP. The external position has improved rapidly, benefiting from lower oil prices and strong export performance. Inflation remains low. However, more remains to be done to reduce unemployment, especially among the youth. Assuming steadfast implementation of reforms, growth should gradually accelerate over the medium term. However, the outlook remains subject to the risks of a structurally weak growth in key advanced economies, tighter or more volatile global financial conditions, and increased volatility of energy prices. Important progress has been made on key reforms; sustaining these efforts will be important to foster higher and more inclusive growth. Significant progress was made in reforming the subsidy system, thereby reducing its costs and associated fiscal risks. At the same time, social programs on health and education were expanded. The adoption of the new organic budget law in May 2015 was a crucial step in improving the fiscal framework, while progress has also been made in upgrading the financial policy framework. Timely reform of the pension system is needed to ensure its viability while extending its coverage. Sustaining efforts to improve the business environment, competition, governance and transparency, as well as the functioning of the job market and the quality of education and vocational training, will also be important for increasing competitiveness, growth, and employment. The program remains on track and Morocco continues to meet the PLL qualification criteria. Both March 2015 quantitative indicative targets were met comfortably. Morocco continues to perform strongly in three out of the five PLL qualification areas, while not substantially underperforming in the fiscal and external areas. Staff recommends the completion of the second review under the arrangement.
The Report Morocco 2015
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Author : Oxford Business Group
language : en
Publisher: Oxford Business Group
Release Date : 2015-10-09
The Report Morocco 2015 written by Oxford Business Group and has been published by Oxford Business Group this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-10-09 with categories.
Morocco’s economy is well diversified, particularly relative to many countries in the MENA region. Tourism is a substantial contributor, generating nearly $6bn (€5.4bn) in annual revenues, as is the agricultural sector, which can be susceptible to variations in rainfall. Manufacturing industries include textiles, automotive and aeronautics, while recent years have seen the expansion of the ICT sector, particularly outsourcing. Investment in ports, transport and industrial infrastructure, and the establishment of a free trade zone, have boosted competitiveness and left the kingdom well-positioned to act a transport hub and business broker across many African markets.
