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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

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.
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.
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

International Monetary Fund. Middle East and Central Asia Dept.
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

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