- Sena Eken, Jörg Decressin, Filippo Cartiglia, Klaus-Stefan Enders, Saleh Nsouli, and Van Thai
- Published Date:
- December 1995
© 1995 International Monetary Fund
Library of Congress Cataloging-in-Publication Data
Resilience and growth through sustained adjustment: the Moroccan experience / Saleh M. Nsouli … [et al.].
p. cm. —(Occasional paper; 117)
Includes bibliographical references.
1. Morocco—Economic policy. 2. Economic stabilization—Morocco. 3. Industrial policy—Morocco. I. Nsouli, Saleh M. II. Series: Occasional paper (International Monetary Fund): no. 117.
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The following symbols have been used throughout this paper:
… to indicate that data are not available;
— to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;
- between years or months (e.g., 1991–92 or January-June) to indicate the years or months covered, including the beginning and ending years or months;
/ between years (e.g., 1991/92) to indicate a crop or fiscal (financial) year.
“Billion” means a thousand million.
Minor discrepancies between constituent figures and totals are due to rounding.
The term “country,” as used in this paper, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.
This paper was originally prepared for discussion in the IMF Executive Board. The authors are grateful to the Moroccan authorities for extensive background discussions and for their assistance in providing the requisite data. They would also like to acknowledge the valuable contributions of Gilbert Terrier, Peter Cornelius, and Gerwin Bell, who were involved in the initial stages of the preparation of this paper.
The authors wish to express their appreciation to Janet Bungay of the African Department for editing the original manuscript, Elisa Diehl of the External Relations Department for editing the final paper and coordinating its production, and use-Marie Fayad for preparing the charts.
The paper has benefited from the comments of staff in the Middle Eastern Department and other departments in the IMF. The views expressed, however, are the sole responsibility of the authors and do not necessarily reflect those of the IMF staff or IMF Executive Board.