Morocco: 2012 IMF Article IV Consultation and First Review Under the Two-Year Precautionary and Liquidity Line-Staff Report

Morocco: 2012 Article IV Consultation and First Review Under the Two-Year Precautionary and Liquidity Line—Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Morocco. Under Article IV of the IMF's Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. In the context of a combined discussion of the 2012 Article IV consultation with Morocco and First Review under the Two-Year Precautionary and Liquidity Line, the following documents have been released and are included in this package:

- The staff report for the combined 2012 Article IV consultation and First Review under the Two-Year Precautionary and Liquidity Line, prepared by a staff team of the IMF, following discussions that ended on December 18, 2012, with the officials of Morocco on economic developments and policies. Based on information available at the time of these discussions, the staff report was completed on January 17, 2013. The views expressed in the staff report are those of the staff team and do not necessarily reflect the views of the Executive Board of the IMF.
- A Public Information Notice (PIN) and Press Release, summarizing the views of the Executive Board as expressed during its February 1, 2013, discussion of the staff report on issues related to the Article IV consultation and the IMF arrangement, respectively.
- A statement by the Executive Director for Morocco.

The documents listed below have been or will be separately released.
Written Communication sent to the IMF by the authorities of Morocco* Selected Issues Paper
*Also included in Staff Report

The policy of publication of staff reports and other documents allows for the deletion of market-sensitive information.
Copies of this report are available to the public from
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