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Cover IMF Staff Country Reports
Statement by Mohammed Daïri, Alternative Executive Director for Morocco, December 13, 2017
International Monetary Fund. Middle East and Central Asia Dept.

Head of Government has been appointed to coordinate and evaluate public policies and their implementation and enhance effectiveness and accountability. These measures have resulted in a significant easing of social tensions. Under the circumstances, staff indication that “the situation remains precarious” is unfounded. In addition to ongoing efforts to reduce red tape and streamline regulations, including through e-government platform, the authorities have adopted a National Anti-Corruption Strategy. A status report on implementation of the strategy will be

Keywords:
ISCR; CR; exchange rate; government; fiscal policy; e-government platform; authorities request; government's control; supervisory authority; draft budget law; staff indication; Structural reforms; Exchange rates
Cover IMF Staff Country Reports
Eastern Caribbean Currency Union: 2019 Discussion on Common Policies of Member Countries-Press Release; Staff Report; and Statement by the Executive Director for the Eastern Caribbean Currency Union
International Monetary Fund. Western Hemisphere Dept.
This paper presents IMF’s 2019 Discussion on Common Policies of Member Countries of the Eastern Caribbean Currency Union (ECCU). ECCU’s gross domestic product (GDP) growth accelerated from 3/4 percent in 2017 to 3 3/4 percent in 2018, reflecting buoyancy in the tourism sector, sizable Citizenship-by-Investment (CBI) inflows, and a recovery from the 2017 hurricanes in Anguilla and Dominica, which were supported by large public investments in reconstruction. Fiscal deficits increased in 2018–2019, but they have remained moderate. Efforts are needed to streamline, and re-balance tax incentives based on clear principles consistent with international best practices. External imbalances are sizable and significant financial sector vulnerabilities affect both banks and non-banks. Growth is projected to gradually moderate toward its long-term average of 2 1/4 percent as the cyclical momentum normalizes and CBI inflows ease. These trends would also contribute to wider fiscal deficits, ending the downward drift in public debt dynamics. The outlook is clouded by downside risks, including a possible intensification of natural disasters and financial sector weaknesses.
Keywords:
ISCR; CR; authority; ECCB authority; e-government platform; ECCU price aggregate; article IV consultation discussion; ECCU region; ECCU country; ECCU work program; Digital currencies; Natural disasters; Tax incentives; Credit bureaus; Caribbean; Global
Cover IMF Staff Country Reports
Morocco: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco
International Monetary Fund. Middle East and Central Asia Dept.
This 2017 Article IV Consultation highlights that economic growth in Morocco has picked up in 2017 and is expected to reach 4.4 percent, mostly driven by a significant rebound in agricultural activity while nonagricultural activity remains subdued. The unemployment rate increased to 10.6 percent in Q3:2017 (year-over-year) while youth unemployment remains high at 29.3 percent. Headline inflation (year-over-year) is expected to decline to 0.6 percent in 2017, reflecting lower food prices. Following a marked deterioration in 2016, the current account deficit is projected to improve in 2017 to 3.9 percent of GDP. This primarily reflects Morocco’s global environment, particularly the stronger recovery in Europe, and strong export growth, mostly owing to the good performance of food product and phosphate and derivatives exports.
Keywords:
ISCR; CR; exchange rate; government; fiscal policy; e-government platform; reform implementation; IMF staff estimate; insolvency regime; dirham exchange rate; sound fiscal policy; grant revenue; Exchange rate flexibility; Credit; Loans; Global; Africa; Maghreb
Cover IMF Staff Country Reports
Statement by Ms. Levonian and Mr. Sylvester on Eastern Caribbean Currency Union February 3, 2020
International Monetary Fund. Western Hemisphere Dept.

network and e-government platforms. Our authorities look to the Fund for technical assistance to support Fintech development in the region. Engagement with the Fund and other Development Partners Our authorities highly value the continuing strong relationship with the Fund and other development partners . They are very grateful for the sound policy advice, the considerable amount of technical assistance (TA) through the Caribbean Regional Technical Assistance Centre (CARTAC) and other mediums, and the various technical exchanges, including through programs such

Keywords:
ISCR; CR; authority; ECCB authority; e-government platform; ECCU price aggregate; article IV consultation discussion; ECCU region; ECCU country; ECCU work program; Digital currencies; Natural disasters; Tax incentives; Credit bureaus; Caribbean; Global; sound policy advice; due diligence; CBR losses in the ECCU; Monetary unions; Fiscal governance
Cover IMF Staff Country Reports
Front Matter
International Monetary Fund. Middle East and Central Asia Dept.
Keywords:
ISCR; CR; exchange rate; government; fiscal policy; e-government platform
Cover IMF Staff Country Reports
Front Matter
International Monetary Fund. Western Hemisphere Dept.
Keywords:
ISCR; CR; authority; ECCB authority; e-government platform; ECCU price aggregate; article IV consultation discussion; ECCU region; ECCU country; ECCU work program; Digital currencies; Natural disasters; Tax incentives; Credit bureaus; Caribbean; Global
Cover IMF Staff Country Reports
Morocco: 2017 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Morocco
International Monetary Fund. Middle East and Central Asia Dept.

2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco

Keywords:
ISCR; CR; exchange rate; government; fiscal policy; e-government platform; accounts payable; core inflation; capital goods; Exchange rate flexibility; Africa; Global
Cover IMF Staff Country Reports
IMF Executive Board Concludes 2017 Article IV Consultation with Morocco
International Monetary Fund. Middle East and Central Asia Dept.

2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco

Keywords:
ISCR; CR; exchange rate; government; fiscal policy; e-government platform; public spending efficiency; excl. grant; careful implementation; Imports; Social assistance spending; Monetary base; Fiscal stance; Global
Cover IMF Staff Country Reports
Morocco: Staff Report for the 2017 Article IV Consultation—Informational Annex
International Monetary Fund. Middle East and Central Asia Dept.

2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Morocco

Keywords:
ISCR; CR; exchange rate; government; fiscal policy; e-government platform; financial asset; accounts payable; basket of currencies; international exchange market; dirham-euro rate; Financial statistics; Government finance statistics; Anti-money laundering and combating the financing of terrorism (AML/CFT); Inflation targeting; Currencies
Cover IMF Staff Country Reports
Eastern Caribbean Currency Union: 2019 Discussion on Common Policies of Member Countries—Press Release; Staff Report; and Statement by the Executive Director for the Eastern Caribbean Currency Union
International Monetary Fund. Western Hemisphere Dept.

2019 Discussion on Common Policies of Member Countries-Press Release; Staff Report; and Statement by the Executive Director for the Eastern Caribbean Currency Union